All jobs lost as Coventry manufacturer enters liquidation
A Coventry-based manufacturer of paper and paperboard containers has entered liquidation after 32 years of trading.
All 31 staff at Carton Edge were made redundant when trading was ceased on February 1, after the firm struggled with challenging market conditions.
Carton Edge is best known in the cling film and foil dispenser carton market. Over time, the firm started supporting packaging, printing and carton manufacturing companies.
The company told TheBusinessDesk.com: “Carton Edge Packaging Limited traded as Carton Finishers for over three decades. Despite the team’s best efforts to increase sales, reduce costs and improve efficiencies the company was unable to sufficiently compensate for the very tough trading conditions.
“Accordingly, the board took the difficult decision to cease trading on 1st February 2024 with all 31 of its staff made redundant on the same day. It subsequently entered creditors’ voluntary liquidation on 21st February 2024. BRI Business Recovery and Insolvency consulted with the board throughout their decision-making and ultimately assisted following their decision to close.”
