Begbies Traynor Group

Bristol printing company sold out of administration, saving 40 jobs

printing solutions
Date Published: 22/04/2024

Folio Print Finishing Limited has been sold out of administration to ATB Folio Print & Packaging Solutions Limited, safeguarding the jobs of all 40 employees.

Over the past three decades, the Avonmouth-based company had established itself as one of the largest businesses of its kind in the UK, serving a nationwide customer base.

The company began to experience financial difficulties when two of its largest customers became insolvent. These bad debts along with legacy HMRC and Rating authority liabilities put the company in an untenable position and Begbies Traynor was engaged in February to assess options. Paul Wood and Neil Vinnicombe of Begbies Traynor were formally appointed as administrators and oversaw the deal which took place on 5th April 2024.

Paul Wood, joint administrator and partner at Begbies Traynor in Bristol, said:

“With two major customers falling into insolvency, the company was put under significant financial pressure, and it was immediately evident that a pre-packaged sale was the most desirable outcome.

“This sale not only preserves the jobs of all 40 employees but should also enable a distribution to be made to some of the company’s creditors.”


About The Author

Meet the Team

Paul is a qualified accountant and Licensed Insolvency Practitioner with 20 years' experience in dealing with both corporate and personal insolvency situations.

He has particular expertise in large and complex insolvencies especially where there has been a fraud and has had many successes in recovering money for either secured or unsecured creditors. He was also responsible for the appointments in bankruptcy cases at the centre of excellence in his previous firm. The focus of his work at Begbies Traynor is on reciprocity with invoice and asset-based financiers.

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