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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"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"
"Just wondering who Rapidity are buying the equipment from as there would not appear to be an administrator for the Reflection companies as yet?"
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