MCR appointed administrator to Nipson Digital Printing - Printwear & Promotion – garment decoration and promotional clothing/merchandise news & information

MCR appointed administrator to Nipson Digital Printing

Published: 12 February, 2010

Geoffrey Bouchier and Paul Clark of MCR have been appointed joint administrators of Nipson Digital Printing Systems plc (NDPS).

Founded in 1992, the company is the majority shareholder of Nipson SAS, a French incorporated company specialising in producing state-of-the-art high-speed digital printing systems.

NDPS was placed into administration last November, following discussions with its major shareholders and creditors that failed to reach an agreement that would enable the company to secure its future.

Geoffrey Bouchier commented: "All shares have been suspended indefinitely while we undertake a review the company’s assets and seek a buyer for the shares in Nipson SAS."

The administrators are currently working with the management of NDPS in order to maximise the realisation for the company's creditors.

It should be noted that MCR are not appointed in respect of Nipson SAS.

MCR is a non-conflict administrator that regularly handles significant projects across a range of UK sectors.

For more information, www.mcr.uk.com.