A spokeswoman for administrative receiver Harrisons said it was called in by the companys factoring agents, Cattles Invoice Financing, on 31 May. As PrintWeek went to press no one from Paper-Direct.com was available for comment.
The Surrey-based operation, which employs three staff, has been selling printing and laser paper for 20 years and is headed by managing director Peter Whapshott.
It established Paper-Direct.com as an online trading portal in 2000.
Paper-Direct.com suffered a double sting in Indonesia last year when letters of credit it sent to an agent called Mohammed Suhari of CV Paperindo were subsequently used to obtain over 41,500 in cash (PrintWeek, 24 August 2001).
Have your say in the Printweek Poll
Related stories
Latest comments
"Another sad day for the industry, only made worse after reading that Ian Shenton is heading up the rescue bid... This guy has had more failed takeovers than Santa has reindeers. Just search on..."
"They should change their name to ‘pound less’ . 🙀"
"Hmmmm, compared to former glories maybe the Bedsit of Print with shared bathroom and kitchen."
Up next...
Dorset connections
More changes at Dayfold
Nearly £1m invested in new kit
The Printed Group enhances wide-format with expansion to third site
Versatile device
Col-Tec showcases new Smart collator for POS
Enhanced efficiency and performance