Administrators seek buyer for collapsed food packaging maker

Wed, 05 Apr 2017 | ADMINISTRATION

Administrators appointed to a collapsed packaging manufacturer for the food and drink industry is encouraging interested buyers to contact them “as soon as possible”.

Pulse Flexible Packaging Limited, which makes pouches, flow wrap, easy-open applications and other packaging products for clients including Marks & Spencer and Unilever, went into administration due to “operational challenges”, KPMG said.

Nearly all 350 staff at Pulse’s two UK sites, its headquarters in Bury, Lancashire and manufacturing base in Saffron Walden, Essex, were sent home after the announcement. Production has ceased but there have been no redundancies.

Pulse was established in 2014 as the result of a management buy-out (MBO) by US group Printpack Enterprises.

The company performed well post-MBO and had hoped to boost turnover from £60 million to £72 million in 2018.

But KPMG said the company collapsed due to “operational challenges that have led to an additional funding requirement which has prompted it to enter into administration”.

The firm’s Jonny Marston said: “We are currently assessing whether we can continue to trade the business while we seek a buyer, and would encourage any interested parties to contact the joint administrators as soon as possible.”

Find packaging businesses in administration.

Subscribe to the Business Sale Report.


Share this article



Latest Businesses for Sale

Accountancy Practice: 2 Partnered
Gwent, Wales, UK

This practice, which was established in 1955, is available for sale due to the impending retirement of the partners. Requirements: One of the partners will be available to assist in the transition period to ensure a smooth handover of clients. Offers...

Asking Price: Offers Invited
Turnover: £400,000

FREEHOLD


Accountancy: 4 Partner Practice
Cheshire, UK Wide

This practice, which was established in 2008, is available for sale due to the impending retirement of the partners. Offers invited.

Asking Price: Offers Invited
Turnover: £1,735,000

LEASEHOLD


Accountants: 2 Partner Firm
West Yorkshire, Yorkshire and the Humber, UK

This practice, which was established in 1985, is available for sale due to the impending retirement of the partners. Offers invited.

Asking Price: Offers Invited
Turnover: £360,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
02
 
Apr
 

Administrators appointed at Yorkshire engineering firm | ADMINISTRATION

An engineering contractor from West Yorkshire has been force...

 
12
 
Jan
 

North East furniture manufacturer has entered administration | ADMINISTRATION

Godfrey Syrett, which describes itself as a “true Brit...

 
05
 
Jan
 

Airline’s engineering arm enters administration | ADMINISTRATION

Monarch’s last surviving division has fallen into admi...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources