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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"All these guys do is party all day and night. How do I join?"
"That's if they go into Administration, there are many of us still waiting for them to put 1066 Capital t/s Crystal Press in, since May 2024 we are all owed notice & redundancy pay and also..."
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