Wed, 17 Feb 2010 | ADMINISTRATION
An East London printing business has entered administration again just 18 months after the owner bought it in a pre-pack administration.
Church Street Litho Ltd trades under the name of its predecessor Belgravia Colour Printers (BCP).
Insolvency practitioners Peter Kubik and Andrew Andronikou of Hacker Young have been hired as the administrators to the business.
The administrators have not yet announced their strategy for the company. It is thought options will include a business sale.
BCP managing director Martin Draycott set up Church Street Litho as a purchasing vehicle when BCP collapsed in 2008. He bought the business and assets of BCP from the administrators, shortly after it went into administration.
The pre-pack sale of the business angered BCP's creditors at the time, which did not receive the monies owed. A director of a finishing business was owned £12,000, and said of the printers: "They knew this was going to happen and they knew that we would not get our money back - that sticks in my throat."
According to filed accounts, the firm had over £1m of credit failing due within one year as of 30 June 2007, and assets of £542,947.
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
|
25
|
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
|
24
|
|
Apr
|
Malaysia's IJM buys a stake in London construction firm JRL | BUSINESS NEWS
IJM Corporation Berhad has bought a 50% stake in Borehamwood...
|
24
|
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.