Peak Envelopes acquires assets of Leeds printing business

Peak Envelopes has taken over the customer list, and telephone & Fax numbers of WEPOS after it went into administration earlier this month.

Leeds-based printing company, Wepos, which traded as Print On Solutions, ceased trading after falling into arrears with the HMRC. The business was issued with a winding-up petition in March after cash flow problems had meant it had ran up debts of more than £250k with HMRC and had failed to pay suppliers and staff.

Directors at the firm had setup Wepos to acquire Print On in a pre-pack deal last year, after the original company was hit with its own winding up petition from Telford-based Mail Solutions UK.

At the time, the company said the envelope and bag printing business had payments ‘seriously overdue’ after ordering around 66m envelopes between 1 January and 31 October 2015, running up debts of around £144k.

Since then, the business continued to struggle and was hit with a new winding-up petition from the HMRC this year.

Now, the administrators have sealed a deal which will see Watford’s Ebury Ltd, which trades as Peak Envelopes.

Did you find this article useful?

Posted by Austin Clark (95)

Written on 9th May 2017

Find other articles written by this user

Comments

0

Add Comment

Please Register

Please register to use the full range of our site's features: renew your subscription, post a blog, comment against news articles, view Dealer Support magazine online

Twitter

    

Most Viewed

Uncertainty equals opportunity

Mark Ash, head of print at Samsung UK & Ireland, tells us why current uncertainty…

Written By Austin Clark 26th July 2017

Customers come first

Steve Harrop, the recently appointed chief executive of Advantia, tells Austin…

Written By Austin Clark 25th July 2017

New and exclusive

Thanks to an innovative programme of continuous product launches, and the introduction…

Written By Austin Clark 24th July 2017