September 2010

A1 Paper goes into administrative receivership 26th September 2010

Paper merchant A1 Paper has gone into administrative receivership following the appointment of insolvency practitioners Grant Thornton to the company.

Administrators Jeremy Birch and David Bennett were appointed to the West Midlands-based company on 8 September.

A1 Paper is an independent business that was formed 40 years ago. The company is a member of the Associated Independent Merchant Stockists (AIMS).

A statement on its website said that the "affairs, business and property of A1 Paper" were being handled by the administrators.

AIMS and A1 Paper were unavailable for comment, and the administrators could not be contacted at this time.

Elsewhere, fellow AIMS paper merchant GFSmith has announced that Mike Wheat, the former managing director of A1 Paper, is to join the business with immediate effect.

The company added that a number of key members of Wheat's team at A1 Paper will also be joining the merchant.

Phil Alexander, GFSmith joint managing director, said: "It was a natural fit for Mike Wheat and some key members of his team, following the sad closure of A1, to join GFSmith.

"With Mike and his team's expertise and contacts in this arena … this will give a seamless transition for many of A1 Papers customers."

He added that the move meant that there was great potential to substantially increase the company's presence in the sector.

Chris Holloway, managing director at Manor Printing said: "It's such a shame when any company faces this terrible situation  and has a real impact on the print industry, this ultimately effects paper cost and supply which will keep pushing cost of print upwards. My thoughts go out to all of the companies and employees involved".



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