Receivership & administration

The Communisis Defined Benefit Pension Scheme is likely to become the latest industry plan to enter the Pension Protection Fund – although its professional trustee is hoping for a “much improved...

Communisis has gone into administration with parts of the business immediately sold to a new owner, but more than half its workforce has been laid off.

A rampant buy-and-build strategy does not automatically result in success – as ex-employees and creditors of PFI Group can sadly testify – so what was the strategy behind the massive growth plan?

Administrators from FRP Advisory have now been formally appointed at PFI Group’s Works Manchester operation.

Employees at Works Manchester have been sent home, with the future for the business unclear.

PFI Group’s disastrous acquisition spree under CEO Darren McMurray has now culminated in the filing of a Notice of Intention to Appoint Administrators against Works Manchester.

The boss of a door drop leafleting firm has been handed a lengthy ban for abusing taxpayer-backed business support during the pandemic.

The fallout from the challenges facing the PFI Group and the resulting impact on its various business dominated our listicle of November’s biggest news stories.

Wide-format specialist Wahooti will be auctioning its plant in late November.

Workers at PFI Group subsidiary Signmaster have at last gained some clarity and have been told the business is going to administration.