Receivership & administration

Workers at PFI Group subsidiary Signmaster have at last gained some clarity and have been told the business is going to administration.

Another PFI Group company has gone into administration, while the trading status of a separate subsidiary is unclear.

Service Graphics has snapped up the trade and assets of Cestrian Imaging, which had been part of the troubled PFI Group.

Administrators have been appointed at acquisitive PFI Group’s Sign Plus business and its divisions Lofthus Signs and Jasmine.

Five former employees of PFI Group subsidiary Futurama have been awarded nearly £120,000 in total after a judge found they had been unfairly or wrongfully dismissed.

Warwick Printing Company’s former factory remains stubbornly unsold, despite a massive reduction in the asking price.

More than 340 items from Pharmaceutical Packaging Leeds (PPL) have gone up for sale in an online auction, following the firm’s administration in July.

Food packaging specialist Wessex Labels, which formerly employed around 20 staff, hit trouble during Covid and was placed into administration by its directors in July this year.

Companies within the PFI Group were owed nearly £240,000 by shuttered Mardan Products, according to documents just filed, with creditors owed more than £1.5m in total.

A probe by HSBC Invoice Finance precipitated events at BCQ Group that resulted in its pre-pack sale to Pollards in a £3m deal.