Receivership & administration

Five former employees of PFI Group subsidiary Futurama have been awarded nearly £120,000 in total after a judge found they had been unfairly or wrongfully dismissed.

Warwick Printing Company’s former factory remains stubbornly unsold, despite a massive reduction in the asking price.

More than 340 items from Pharmaceutical Packaging Leeds (PPL) have gone up for sale in an online auction, following the firm’s administration in July.

Food packaging specialist Wessex Labels, which formerly employed around 20 staff, hit trouble during Covid and was placed into administration by its directors in July this year.

Companies within the PFI Group were owed nearly £240,000 by shuttered Mardan Products, according to documents just filed, with creditors owed more than £1.5m in total.

A probe by HSBC Invoice Finance precipitated events at BCQ Group that resulted in its pre-pack sale to Pollards in a £3m deal.

The director of a signage business has been banned for misuse of taxpayer-backed Covid loan support.

Health and beauty group THG paid £1.5m for City A.M. in last month’s pre-pack sale, and also had to pick up its July wages bill as the newspaper came close to running out of cash.

Image 2 Output has been ordered to wind up its affairs, and will shortly undergo liquidation.

A raft of “barely used” kit belonging to a bankrupt Dutch printer is currently up for auction.