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.
Notes to Editors:
For media queries only, please contact:
Alastair Henry, Citypress (on behalf of KPMG)
T: 0161 235 0320
KPMG Press office
Tel: +44 (0) 20 7694 8773
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.