Blog Publisher’s Comments:
The e-mail you see below was received, this
morning, from a source in the UK.
“Administration” in the UK is pretty much the
same thing, if not exactly the same thing, as “Chapter 11 Bankruptcy” in the
US. The UK term “pre-pack sale” is
pretty much the same as the term “prepackaged sale”. So, Service Point UK has been put into
Administration, and it sounds like that was done to set up the business to be
sold easily and very quickly.
Hello Joel,
It's been confirmed that Service
Point UK was put into administration on Friday. Heard about it on Friday night
but only got official confirmation just now.
It sounds like it will be a pre-pack
sale, but that's still to be confirmed.
Here's what I have thus far:
Will be interesting if Paragon Group
does buy it, seems to be a new area for them to get into.
Best regards
This is the
company, the likely purchaser of Service Point UK, mentioned in the article:
I’d like to compliment the author of the
article in PrintWeek; excellent article, very well written.
Posts
No comments:
Post a Comment