Receivership & administration

Direct mail and print business Mediatech has gone into administration and been sold back to its previous owners.

The administrator for Smith Print Design (SPD) has said it has been possible to trade the company in administration because of customer and supplier support.

Pindar chairman Andrew Pindar confirmed this morning (8 July) that offers were coming in for the business.

Pindar has put its UK printing business up for sale as a result of the ongoing turmoil in the largely loss-making web offset sector.

Employees at Maurice Payne Colourprint are celebrating this week as an administrator was finally confirmed, almost 12 weeks after they were last paid.

Maurice Payne Colourprint (MPC) is expected to go into administration today (28 June), according to Rimes & Co, the insolvency practioner handling the case.

Lick Group is headed for liquidation after it emerged that a meeting of creditors has been confirmed for 13 July.

Printers could miss a one-off opportunity to put a stop to so-called "phoenix" companies if they don't take part in the recently launched consultation on proposed reform of insolvency rules.

Gateshead printer Smith Print Design continues to trade in administration more than two weeks after insolvency specialists were appointed.

Blue Printing Company is targeting a turnover of 50m after buying WF Aldridge & Co, which traded as Aldridge Print Group, out of administration.