Colour Five situation unclear (printweek.com)

Colour Five is understood to be entering a creditors’ voluntary liquidation, while the current trading status of the specialist print business is unclear.

According to a source close to the situation, the Perivale, west London-based firm sent a notice to clients and suppliers yesterday (11 June) stating its intention to appoint liquidators. It is understood that a liquidator will be appointed by 18 June.

On 16 May, Colour Five posted a notice of intent to appoint administrators. At that time, Marlow-based solicitor Gabbitas Robins was overseeing the case, while Gary Lee and Paul Stanley of Begbies Traynor’s Manchester office were named as nominated administrators.

PrintWeek’s source indicated that Colour Five’s misfortune was likely a result of “lack of work” due to the niche nature of its high-end UV printing. The company frequently worked on special edition magazine covers.
more at source: https://www.printweek.com/print-week/news/1167920/colour-five-situation-unclear?utm_content=&utm_campaign=120619_PWdaily&utm_source=PrintWeek&utm_medium=adestra_email&utm_term=http%3A%2F%2Fwww.printweek.com%2Fprint-week%2Fnews%2F1167920%2Fcolour-five-situation-unclear

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