Blazepoint Group Plc, an AIM-listed group, appointed insolvency practitioners Hacker Young & Partners to oversee the winding-up process.
The principal trading subsidiary of the group, Blazepoint Ltd, has been sold to a former shareholder as a going concern in the hope that between 30 and 40 manufacturing jobs will be saved.
The company recently won a multi-million pound contract to supply ruggedised laser printers to the UK military as part of the Bowman project to overhaul communication systems. The contract will stay with Blazepoint Ltd. Bowman is expected to go into service in March next year.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children