Thomas Potts bought the assets of the print- and facilities-management arms of Fairway Logistics in April from administrator Baker Tilly for 85,000 (PrintWeek, 12 April).

Joint administrator Richard Rendle said Fairway had a turnover of around 6m and losses of around 5m. He is attempting to sell the storage and distribution arm.

But Mark Gowers, who said he was owed 5,500, could not work out how the Slough print manager could have big debts with so few assets.

I just cant get it, said the former print-production manager at Fairway, who left earlier this year to buy a small printer. The most expensive thing they have is 100,000 of racking, its not as if they have four Speedmasters.

Rendle said creditors would get a fairly substantial return. Selling quickly enhanced the dividend prospects for creditors. Sometimes they are blinded by emotion and dont rely on business logic.

Thomas Potts group commercial director Mark Scanlon said: This is not a phoenix firm, we bought it and injected money. The distribution arm was haemorrhaging cash but the other arms were sound. Im interested in what we bought and taking Fairway forward.