Receivership & administration
Employee-owners count the cost as papermaker goes under
The demise of a papermaker with a 206-year history has been greeted with shock and sadness across the industry.
Paper merchant interest in Tullis Russell Papermakers
Scottish paper merchant PG Paper has appointed a team of forensic accountants to look into the books of Tullis Russell Papermakers, following an approach to administrators KPMG.
Taskforce established to aid stricken Tullis Russell Papermakers
The Scottish Government and Fife Council have set up a joint taskforce to help mitigate the impact of job losses at Tullis Russell Papermakers, which went into administration yesterday, with the loss...
Tullis Russell in administration
In yet another blow to the UK paper industry, Tullis Russell Papermakers has fallen into administration, after racking up losses of £18.5m over five years, resulting in the immediate loss of 325 jobs.
Aylesford Newsprint asset sales announced
Assets of the collapsed UK paper mill Aylesford Newsprint will be sold via online auction next month, according to consultancy firm Lambert Smith Hampton (LSH), which has been appointed to carry out...
Merchant’s collapse will have far-reaching consequences
Badly-handled acquisitions? Wrong strategy? Duff management? Structural changes in the marketplace? Declining demand for paper? Falling out with suppliers? Global business issues? Perhaps a...
Paperlinx fall-out will hit printers too
Throughout this magazine’s almost 60-year history, its hard to imagine that many stories could have had as broad an impact on the UK industry as the demise of Paperlinx.
Labute calls in administrators
Cambridge-based commercial printer Labute has fallen into administration following increased financial pressure, resulting in the loss of 18 jobs.
Dunstall made bankrupt over personal guarantee
Failed print and mailing business entrepreneur Kevin Dunstall has been made bankrupt.
Magazine Printing Company in pre-pack three months after ill-fated sale
Enfield-based The Magazine Printing Company (MPC) has been sold in a pre-pack administration to former owner Anthony Stokes.