Receivership & administration

Numerous assets belonging to recently closed Howard Hunt (City) are going under the hammer at auction, with others being sold by private treaty.

An MBO team has now emerged as the potential future owner of Arjowiggins Fine Papers' Stoneywood and Chartham mills after lengthy negotiations with a preferred bidder failed to come to fruition.

Calderprint has been formally placed into administration after it closed its doors last month.

Fontain has shut down and gone into liquidation with more than £3.6m in unsecured debt.

So, what are the lessons to be learned from the collapse last week of Howard Hunt and the sad loss of 250 jobs?

BDO has been confirmed as the administrator of Howard Hunt (City), with the firm’s 250 staff laid off upon appointment.

Paragon Group has acquired various parts of the Howard Hunt Group in a pre-pack deal.

Arjowiggins staff at the firm's largest mill in France are set to lose their jobs after a last-ditch attempt to save the Bessé-sur-Braye mill are understood to have fallen through.

Calderprint has filed a notice of intent to appoint administrators and is understood to have closed.

Sequana, the parent company of Arjowiggins and currently the majority shareholder in Antalis is to be liquidated, a court has ruled.