A spokeswoman for BDO Stoy Hayward said the firm experienced a loss of trade and cashflow problems.
A winding-up petition from Panther Paper had been scheduled to be heard on 28 July, but the companys bank, which holds a charge, called in the administrative receivers.
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"It's wrong to assume the Chinese are behind the curve on automation - it used to be the case that manual processes were kept becuase it was cheaper to use them than buy the automated equipment,..."
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