Under the proposal, which was accepted by 96% of VIPs creditors, preferential creditors will be paid in full and unsecured creditors will receive 75p in the pound over five years.
VIP Print, which is trading profitably, ran into trouble after it was hit by bad debts of more than 500,000 last year.
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"Excellent kit. We looked at indexing extensively years ago and at the time there were two major players in the UK.
The cap ex involved was too big a risk for us at the time so we let it go.
This looks..."
"Ricoh launches the ability to print on card, blah, blah, blah, yawn! 🥱"
"An excellent business and nice people to work with. Such a shame to see this all disappear from the UK. Wishing you both the best in your future and enjoy retirement"
