Thu, 30 Oct 2025 | ADMINISTRATION
A family-run supplier to the education sector has fallen into administration and ceased trading, with its assets now set to be sold. Market Harborough-based Allen Glenold Limited supplied coloured paper and board products to the education sector, as well as online craft outlets through its online B2B operation.
Allen Glenold Limited initially started out as a partnership during the 1950s. The family owned business has been with the same family since the 1960s and became a limited company in 1983.
Tyrone Courtman and Deviesh Raikundalia of RSM UK Restructuring Advisory were appointed as joint administrators of the company on October 15, 2025. According to the joint administrators, the company had experienced “significant challenges” since the COVID-19 pandemic.
Despite directors making “every effort” to secure the future of the business, the joint administrators said that it had been “unable to remain financially viable” in the face of these challenges.
The company undertook a marketing process in an effort to secure a sale of the business and its assets, but it was ultimately unsuccessful in finding a potential buyer. As a result, the company ceased trading upon the appointment of the joint administrators, with all six staff at the business having now been made redundant.
The joint administrators have said they are now in the process of realising Allen Glenold Limited’s assets for the benefit of the company’s creditors.
In accounts for the year to March 31 2024, Allen Glenold Limited’s assets were valued at slightly over £564,000. However, the company’s debts owed to creditors meant that total equity amounted to just over £82,000.
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