End of the line for Anton Group
Tuesday, April 18, 2017
Deloitte has effectively called time on Anton Group, with just a handful of staff remaining on site and the firm’s remaining unencumbered assets in the final process of being sold.
According to Deloitte, a further 120 staff have been made redundant since its last update on 3 April.
21 staff remain at the businesses Laindon, Essex factory assisting Deloitte as it works to “realise the assets of the company”.
In their statement of 3 April, the administrators were still hopeful of selling all or part of the business after Paragon Group withdrew interest – however they have now shifted their focus to selling the firm’s remaining unencumbered assets.
European Valuations was appointed to handle the asset sale, with a closing date for offers expiring last Wednesday (12 April) with sold kit to be removed by 28 April.
The plant list for sale included, four Kodak NexPress digital presses, a SX3900, SE3600, S3000 and 2100, four Kodak Prosper S5 twin-head print stations, a Cutstar unit, a pair of Technotrans inking stations, MBO and Heidelberg folding lines, MB mailing lines, a Heidelberg Stitchmaster ST450, a pair of Palamides bander/stackers and a variety of guillotines.
According to European Valuations plant and machinery valuer Joe Hall, the sale has now concluded.