Hope for employees of troubled packaging company after ‘overwhelming’ interest from buyers

Credit: Surepak

The administrators of a stricken Nottinghamshire packaging manufacturer say they are “hopeful” they can sell the business after receiving “overwhelming” interest from potential new owners.

Dean Nelson

PKF Smith Cooper was appointed as administrator to Surepak earlier this month.

Founded in 1991, the company has been trading for over 32 years, starting out as a distributor before moving into manufacturing in 1995.

Stuart Yorston, director of Surepak, decided to file for administration on 9 February to safeguard the company’s business, assets, and employees from a creditors’ winding up petition.

Dean Nelson of PKF Smith Cooper was appointed joint administrator on 12 February, and says he has received “considerable interest” in the business as a going concern. Nelson said a sale is expected to process quickly, with a deadline for offers set for 28 February.

Nelson added: “Since my appointment last week, we have had a great response from interested parties. Over the next few weeks, we will continue to work hard to assess this interest and I am very optimistic that we will secure a future for Surepak Limited and its employees.”

“I am very grateful to the company’s loyal customers, suppliers and employees for their commitment at this difficult time, and expect the sales process to gather pace rapidly, so I actively encourage any potential buyers to come forward as soon as possible, to express their interest in the business and its assets.”