HighWater Designs: set for liquidation
HighWater Designs to be placed in liquidation
By Helen Morris Wednesday, 10 March 2010
HighWater Designs is to be placed into creditor's voluntary liquidation just weeks after passing sales and service responsibility for a range of products to new company HighWater CTP.
A letter to creditors seen by PrintWeek, from accountancy firm Kay Johnson Gee, said the company's directors made the decision "having regard to its financial position".
HighWater CTP managing director Graham Tucker said: "HighWater Designs is technically not in liquidation. It is expected that a creditors' meeting will occur at the end of the month. There are a lot of things going on at the moment."
He was unable to comment on any redundancies at the company.
HighWater CTP was incorporated on 17 February, listing HighWater Designs chief executive Jane Wei as its sole director.
In a statement issued regarding the formation of HighWater CTP, Wei said: "This reorganisation will allow a better leverage and align the strengths of our product range."
Would you like to post a comment?
We'd love to hear your views, but to post a comment please Sign in or register.
Additional Information
Latest jobs Jobs web feed
- Account Manager (Print Management) Pyramid Consultancy Ltd Up to £35k, Central London
- Account Director - DM - Bedfordshire asg £50000 per annum, Benefits: Bonus + Benefits, Bedfordshire
- New Business Development Manager- Cartons Mercury Search and Selection £40-£45k Bonus/OTE: £45-£50k, UK
- Southern Sales Executive x2 Key Recruitment £40k - £50K PLUS COMMISSION CAR AND MOBILE, London, Home Counties
- Account Executive / Print Buyer - Bristol - 12 month fixed term contract PrintMatch £36k, Bristol
Most read
Most commented
