Photobition's administrative receivers have announced that eight of the group's subsidiaries are in company voluntary arrangements (CVA), with another five in administration (PrintWeek, 2 November).
Arthur Andersen will also soon announce the situation regarding Photobition's results, which were due to be issued at the end of October but were put on hold when the group went into administrative receivership.
Photobition Investment, Photobition Holdings, Warren Holdings, Photobition CPL, GLG Holdings, Photobition International No 1, Photobition International No 2 and Photobition Overseas are all in CVAs.
Precision Display UK, Photobition Litho, Precision Colour Systems, Photobition Warrens and Market Tiers have all been put in administration.
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"No Mr Bond, I expect you to di-rect mail"
"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
"Hello Set Off,
Unencumbered assets that weren't on the Reflections books, I believe.
Best regards,
Jo"
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