ANDREW Poxon of Leonard Curtis has been appointed administrator at Lancashire-based plastic bag manufacturer Nelson Packaging.
Around 40 staff have been made redundant at the plant which has now closed.
The company’s managing director, Michael Flynn, has blamed the government’s 5p plastic bag tax and overseas competition for its current predicament.
Nelson Packaging, in business since 1975, which made bags and assorted packaging products, was bought by Warrington-based packaging group, Intelipac, in 2011.
The bag charge was introduced in England in October 2015 some four years after Wales, Northern Ireland and Scotland.
Plastic bag use has reportedly plummeted by around 70% since the charge was introduced.
Leonard Curtis was appointed on 25 February.
Manufacturer DMG Steelworkers has been sold out of administration in a pre-pack deal by insolvency and restructuring firm CVR Global
By threatening creditor returns, the government could undermine the UK’s World Bank insolvency ranking and cost creditors £8m a year, trade body R3 warms
Lee De’ath and Richard Toone, partners at CVR Global, were appointed joint-administrators of Lexden Centre (Oxford) Limited, trading as Colchester English Study Centre (CESC), on 29 June 2016
Peter Saville, Ryan Grant and Anne O’Keefe of AlixPartners will now become the supervisors of the CVA and monitor the implementation of the proposal