Receivership & administration

Finishing specialist Alchemy Coatings has been placed into administration but its sister company Silk Hat Greetings has adopted the trading name and will continue trading the business.

SP Group has been placed into administration by its new owner just four months after the business was purchased from St Ives.

Pureprint has taken on four members of staff and 15 post-press machines following the collapse of Chessington-based Barwell Print Finishers.

German paper mill Scheufelen has restarted production at its Lenningen base after securing “a strong partnership of investors”.

German paper mill Zanders has opened insolvency proceedings, citing reasons including increases in raw material and energy costs.

Sunline Direct Mail has entered administration after no buyer emerged for the business during an accelerated marketing process taking place over the past few weeks.

Independent German paper mill Feldmuehle Uetersen has confirmed that it has been acquired, with more than 95% of jobs saved.

Efforts are underway to sell Sunline Direct Mail as a going concern after the firm’s owner filed a notice of intention to appoint an administrator.

Henry Stone had less than £1,000 in the bank when it went bust earlier this year, and left behind a total shortfall of almost £3.5m.

Print and marketing company Rethink CMYK has gone into administration.