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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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration.
We are all still left unable to claim the redundancy and notice pay owed..."
"Totally agree"
"Best wishes to everyone involved. Nice to have a good story to read in Printweek."
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