61 jobs lost as Bradford printers enter administration
Bradford-based Alpha Media Solutions (AMS) Ltd has entered into administration after failing to secure credit from suppliers.
The specialists in print and packaging services had acquired Keighley-based Steffprint in April after that business had fallen into administration, but now face a similar situation.
AMS traded from premises in Tyersal near Bradford and all 61 staff have been made redundant as a result of the administration.
Adrian Allen, a restructuring and recovery partner at Baker Tilly in Leeds, and one of the joint administrators, said: “Along with many firms in this sector, Alpha Media Solutions has experienced difficult trading conditions and in recent months has been loss making. The directors have taken steps to attempt to restructure the company’s cost base but difficulties in obtaining credit lines with suppliers has meant that the business in its current format is no longer viable
“We are looking to sell the company’s business and assets with a view to maximising recoveries for creditors.
“Regrettably, there is very little in the way of work in progress to complete and given the business is currently loss making we have taken the decision to cease trading and make the employees redundant. The Joint Administrators and their staff will be assisting employees with regard to making claims to the government redundancy fund.”
Adrian Allan and Lindsey Cooper of Baker Tilly Restructuring and Recovery LLP have been appointed administrators.
This was posted in Bdaily's Members' News section by Tom Keighley .