Receivership & administration

Pre-pack assessment system launched
The BPIF will sit alongside 11 other trade and professional bodies overseeing a new voluntary pre-pack assessment system, the Pre Pack Pool.

Paperlinx creditors await news on pay-out
Unsecured creditors of Paperlinx UK still do not know if they will receive a meaningful pay-out or not, six months on from the administration of its operations.

1st Byte calls in administrators
London-based digital specialist 1st Byte has been placed in administration, with fellow central London firm Rapidity buying some of its assets and its standalone business card operation.

Paperlinx completes European withdrawal
Paperlinx’s unprofitable German operation has gone into administration, marking the Australian company’s final withdrawal from Europe.

LumeJet assets bought by investors including former CEO
LumeJet’s assets have been bought from administrators by a small group of investors, including former chief executive Paul Anson, who have started a new business with the intention of resurrecting...

Oldest co-op closes down
It’s the end of the line for Watford Printers, the UK’s oldest worker co-operative, which has closed down just a few years short of its centenary.

Berforts book arm falls into administration
Berforts Information Press (BIP), one of the last dedicated colour book printers in the UK, has been placed in administration.

Geneva creditors owed £1m
The liquidators of Geneva Printing Solutions, which was placed into creditors’ voluntary liquidation at the end of July, have confirmed the company owed around £1m to creditors.

LumeJet users speak out as search for buyer continues
Two users of the LumeJet S200 digital photonic printer have voiced their concerns after the manufacturer fell into administration last week.

Geneva Printing Solutions goes into liquidation
Litho and wide-format printer Geneva Printing Solutions has been placed into creditors’ voluntary liquidation after experiencing cashflow difficulties and struggling with historic debt.