This London-based large-scale printer was given a cash payment to move from its site by the London Development Agency (LDA), making way for London’s 2012 Olympic Park. After moving, the firm experienced financial problems due to a decline in the printing sector, a large extraction of money and increased pressure from creditors. The bank then took the decision to appoint us as administrators. Our team secured the site, starting investigations into the company including assessing assets and liabilities. One hundred staff were made redundant. Our investigations continue but proceedings are commencing against former company officers and associated parties to return funds to the firm.
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