Leonard Curtis Business Rescue & Recovery can confirm that Vision On Design Limited – the Wakefield based design and brand printing business – was placed into administration on 9th October 2018 with Andrew Poxon and Julien Irving appointed as joint administrators.
The business entered administration as a result of a drastic reduction in turnover attributed to the turbulent high street environment, which meant the company had suffered a build-up of trade liabilities.
Legal action was presented by a creditor and therefore appropriate steps were taken by the directors to preserve the business.
After a period of marketing the administrators concluded a pre-packaged sale of the company to a connected party. This resulted in the transfer of all 52 employees to the new purchasing entity.
Leonard Curtis Business Rescue and Recovery is part of the Leonard Curtis Business Solutions Group (LCBSG).
For further media information, please contact Karen Winstanley or Sue Souter at Souter PR on 01625 839 319 or email email@example.com / firstname.lastname@example.org
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