HQ of stricken Derbyshire packaging firm up for sale

The Alfreton premises of former troubled packaging firm Charapak are on the market.

The firm, which was sold out administration for the second time in two years in Febraury, owed £1.2m to creditors, according to documents seen by TheBusinessDesk.com.

CP Realisations (formerly Charapak Packaging) called in administrators from Duff & Phelps after a series of events stretching back to last year. The company had been sold in a pre-pack deal in January 2017.

Directors at the firm began to look for external investment and appointed a new chairman in September last year. However, before the investment deal was completed, the investor retracted the offer on the basis that the company had just lost its biggest client and had failed to replace the business.

This led to Charapak defaulting on PAYE and HMRC payments and all subsequent investors withdrawing their interest.

Documents show that West Bromwich business CBS Packaging bought the company for just under £50,000, while Maltby Forman bought plant, machinery and vehicles for £18,500.

Now, it appears that the Alfreton offices are surplus to requirements at CBS Packaging.

FHP Property Consultants is handling the sale of the 60,000 sq ft building.

Tim Gilbertson of FHP said

“Our market in the East Midlands has been starved of stock to purchase over recent years so hopefully this building will be well received.

“Hopefully interest in this one will be strong and myself and my colleagues will be delighted to hear from any potential buyers.”