Saffron Walden packaging business goes into administration

PUBLISHED: 11:36 12 April 2017

Pulse Flexible Packaging Ltd in Saffron Walden, which has gone into administration

Pulse Flexible Packaging Ltd in Saffron Walden, which has gone into administration

Archant

A leading Saffron Walden packaging company went into administration last week and the majority of staff were sent home following the announcement.

Pulse Flexible Packaging Ltd, in Radwinter Road, which has its headquarters in Bury, Lancashire, has ceased all production.

It is believed around 350 jobs are at risk between the company’s two sites although, as yet, there have been no redundancies.

Jonny Marston and Howard Smith from KPMG have been appointed joint administrators to the company, which manufactures flexible packaging for the consumer goods sector.

The administrators say they are currently assessing whether trade can continue in the immediate term.

Jonny Marston, partner at KPMG, said: “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.”

Pulse Flexible Packaging have been contacted by the Reporter, but have yet to respond.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Saffron Walden Reporter visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Saffron Walden Reporter staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Saffron Walden Reporter account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More news stories

Yesterday, 15:57

Residents and tourists are being encouraged to enjoy themselves this bank holiday weekend despite the increased threat of terrorism.

Yesterday, 10:10

A parent-led campaign to save a Saffron Walden private school has been launched in the wake of the announcement it would be closing at the end of the academic year.

Yesterday, 14:47

Temperatures could soar up to 28C (82.4F) this Bank Holiday weekend, but forecasters have warned of a risk of thunderstorms.

Yesterday, 10:57

A Saffron Walden theatre group has been nominated in the National Diversity Awards for the second year running.

Digital Edition

Image
Read the Saffron Walden Reporter e-edition E-edition

Most read stories

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter