Jonny Marston and Howard Smith from KPMG have been appointed joint administrators to Pulse Flexible Packaging Limited, a leading manufacturer of flexible packaging for the consumer goods sector.
Headquartered in Bury and with a production facility in Saffron Walden, the company employs circa 350 staff. Following the appointment of the joint administrators, production at both sites has ceased and the majority of staff have been sent home while the administrators assess whether trade can resume in the immediate term. There have been no redundancies.
Jonny Marston, partner at KPMG and joint administrator, commented: “Pulse Flexible Packaging is a leading name within the packaging industry, with customers including well-known names from across the food and drink industry. However, the company has recently suffered operational challenges that have led to an additional funding requirement which has prompted it to enter into administration.
“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.”
Interested parties are advised to contact Louise Rigby at KPMG on 07827 983056.
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