Following an investigation by the Companies Investigation Branch of the Department of Business, a publishing firm in Bolton has been issued with a winding up notice.

Smithson Publication was found to be operating a cold-calling business from its offices, asking for money to publish children’s safety booklets. These were then sent to schools unsolicited. The firm targeted the small business market with its cold calling technique and left many of them out of pocket.

Many of the small businesses were based in Scotland and dozens are thought to have been caught up in what now appears to have been somewhat of a scam.

A winding up petition has now been issued against the firm in the public interest and an official receiver has also been appointed to deal with the case.

The High Court hearing is set to be held on 24 February.

Investors looking to acquire a publishing business in the region may well be interested in the company. Smithson Publications could offer an opportunity for expansion of capacity or diversification for existing publishing companies or other potential buyers based in the North West of England.

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This entry was posted on Friday, January 29th, 2010 at 7:41 pm and is filed under Corporate Insolvencies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.