Greeting card manufacturer hopes for a happy return as receivers seek buyer
Greeting cards business J Arthur Dixon has been placed in receivership with partners at London accountants Leonard Curtis appointed as administrative receivers.
Based on the Isle of Wight, J Arthur Dixon has traded for more than 60 years, printing and distributing Christmas cards, including for a large number of charities, wedding stationary and postcards.
The firm was at its peak in 1998 when it employed 90 people and achieved a turnover of £5.5m.
Stephen Swaden and Jonathan Schapira, partners at Leonard Curtis, will act as the receivers and have already moved to make part of the workforce redundant.Schapira said: ‘The new management has tried to make a success of this business but have been unable to turn it round.’
He added: ‘However, we are continuing to trade this well-established business and are looking to find a buyer.’PwC appointed as administrators to Midlands sports retailer