Receivership & administration

Former Tall Group subsidiary ID Data Cards was losing money at an estimated rate of 100,000 a month in the run up to its sale to CPI Group in May, according to the administrators report.

Cardiff-based large format printer Gardners has been bought by a team led by ex-Bezier director Richard Courtney after being placed into administration last week (13 July).

Wright's Printers is being supported by many of the trade creditors of predecessor Wright's (Sandbach), despite both sharing a director in Andrew Sehne.

Commercial printer Bluepoint Cambridge (BPC) has filed a notice of intent to appoint administrators while bailiffs have repossesed its Foxton site.

Kodak has asked a US Bankruptcy Court for permission to pay bonuses to 15 of its top management, including nine executive officers, as it moves to the next phase of its restructuring.

Commercial printer Wright's (Sandbach) Ltd has been sold back to its original management as a going concern following the appointment of administrators.

The UK arm of continuous feed digital press manufacturer Nipson SAS is up for sale after being placed into administration in May.

The administrators' final report revealed the sheetfed and web arms of Manroland's UK operations were sold for 645,131 and 40,412 respectively, while the consumables unit was closed.

UK print has claimed signs of a recovery, with many businesses reporting a strong first quarter and increased confidence, despite the revelation that the economy as a whole shrank in Q1.