Receivership & administration

Pindar Preston sale raises 2m
The disposal of equipment from Pindar's Preston plant has raised more than 2m through private sale and an online auction.

John McCormick & Co enters receivership with 40 jobs lost
Glasgow stationery printer and office supplies business John McCormick & Co has gone into receivership with loss of 40 jobs.

Nipson eyes growth in US and UK but Drupa isn't part of strategy
After a tumultuous few years that saw it work its way through administration and divest itself of a key investor, Bryan Palphreyman, new head of Nipson SAS US and UK operations, said the company is...

Polestar chief Hibbert's response to Pindar's FT claims
Responding to Andrew Pindar's comments in the FT, Barry Hibbert discounted the notion that Polestar was in any way responsible for undermining the sector, putting the blame for Pindar's troubles at...

Polestar boss slams Andrew Pindar for 'ludicrous & disingenuous' comments
Former Pindar chairman Andrew Pindar has claimed that trading practices at rival Polestar were partly to blame for the demise of the family-owned group, which owed trade creditors some 6.5m when it...

Reflections proposes CVA after year of bad debt
Finishing specialist Reflections Print Lamination has turned to a Company Voluntary Arrangement (CVA) after being hit with 250,000 of bad debt this year.

Pindar owed trade 6.5m when administrators were called in
Pindar PLC owed trade creditors some 6.5m when it went into administration in July.

Print manager Principal Color set for liquidation
Print management outfit Principal Color is set for liquidation at the end of this month.

MPC owed 1.4m to creditors when administrators finally appointed
Maurice Payne Colourprint (MPC) went into administration owing 1.4m, according to the administrator's report.

Pindar Agility sold in MBO
Pindar's Agility software business has been sold out of administration to an MBO team.