Receivership & administration
Clunky proposals won't help creditors or stop phoenixing
I am certain the government's new proposals will go some way to quell growing unrest about pre-packs, but am concerned the practical outcome will be 'phoenixing' in a different form and a reduction in...
Year-on-year insolvencies drop but mid-size companies yet to see improvement
Year-on-year insolvencies dropped 12.5% in February according to Experian's latest insolvency index.
Printing stops as Daily Sport owner enters administration
Daily Sport publisher Sport Media Group has gone into administration, possibly leading to the UK's first national newspaper closure in 16 years.
Government opens door to more creditor power in pre-pack deals
The government has opened the door to creditors vetoing pre-pack administration sales, under new proposals.
West Country Binders enters liquidation
Finishing house West Country Binders is set to be liquidated, following the appointment of Peter Kubik and Andrew Andronikou of UHY Hacker Young to the Weston-super-Mare business last month.
Thanet Press ceases trading with all staff made redundant
Thanet Press, the Margate-based commercial printer, has ceased trading with all staff made redundant.
Sharp picked up 6m NGS for 275,000
NGS Print Finishers was trading profitability up until almost three months before its administration earlier this month, according to the administrator's report.
DS Print closes doors
Commercial printer DS Print, formerly known as Lingfield Press, has entered liquidation after closing its doors.
NGS administrator confirms sale to previous director, 13 days after completion
The administrator for NGS Print Finishers has confirmed that the business was sold back to its original owner, 13 days after the sale.