Deloitte appointed administrators to Bezier Limited and Pointer Design and Manufacture Limited
14 February 2013
Matt Smith and Daniel Butters of Deloitte, the business advisory firm, have been appointed Joint Administrators to Bezier Limited and Pointer Design and Manufacture Limited.
Bezier Limited, a print business headquartered in Wakefield, employs 402 people across its Wakefield, Leeds and Poole sites. Pointer Design and Manufacture Limited still has some residual assets, but is no longer trading and does not have any employees. A sister company, Coutts Retail Communication Limited, is not affected by these administrations.
In the absence of any funding, there was no alternative but to immediately reduce the Bezier Limited operations, unfortunately leading to 254 staff being made redundant on 13 February 2013. A number of staff will be retained in the short-term whilst options are explored to dispose of the business or transition customers to new providers.
Matt Smith, Joint Administrator and restructuring services partner at Deloitte, commented: “The company has suffered a prolonged period of difficult trading which has resulted in it being unable to meet its financial obligations. Regrettably there is no other option but to announce these redundancies at this time. We have sought to retain 148 employees for the present time to assist the Administrators with on-going trading and to seek an orderly transition of the companies’ business.
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