SFP ADMINISTRATORS have been called to Rhondda-based printing business Hackman Printers.
Brothers Daniel and Simon Plant, partners at SFP, were appointed joint-administrators to the business, which will continue to be traded while a buyer is sought.
The company employs about 65 people and, despite a turnover of about £7m, has accrued debts of about £850,000.
Plant said: “Hackman has a good reputation for the services it provides and is hopeful that this fact will result in a successful outcome for taking the business forward.
“We are already in discussions with a number of potential purchasers and are looking to achieve a sale of the business as a going concern.”
Hackman provides commercial printing on stationary and invitations, as well as direct mail and marketing services such as inserts for books and magazines.
Pixel Projects Limited (Pixel) has been sold by SFP, which has saved the positions of all 34 employees
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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