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Kylin Int’l Machinery Limited
Address: Xiaohe industry area, Daojiao town, Dongguan City, Guangdong province, China.
Tel:+86-13650165734
E-mail: jacob#kylinmachinery.com

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Pindar owed trade £6.5m when administrators were called in

Pindar PLC owed trade creditors some £6.5m when it went into administration in July.


The total amount owed ballooned to £105.8m once a £90m debit against the company’s final salary pension was included. The scheme was known to have a £19.5m deficit prior to the business going into administration, the £90m figure is understood to be the theoretical value of buying out the scheme. HMRC was owed £4m.



Paper suppliers were among the biggest losers, with the total deficit to Pindar’s major paper providers exceeding £5.2m. Sappi was the biggest single paper creditor, and was owed just under £1.6m.



A raft of trade printing and finishing suppliers to the group have also been left holding five-figure debts.



MLP PLC, which appears to refer to the Edinburgh-based Macdonald Lindsay Pindar printing business which was closed down in 2000, is owed £1.1m. Other inter-group creditors include the Utah-based headquarters operation of the Alphagraphics printshop franchise, which is owned by GA Pindar & Son. This is owed £2.3m. GA Pindar & Son also had a £2m shareholding in Pindar plc.



PINDAR: MAJOR CREDITORS

Trustees of Pension Scheme £90m

HMRC £4m

Alphagraphics Inc £2.3m

GA Pindar & Son £2m

Sappi £1.6m

MLP (Macdonald Lindsay Pindar) £1.1m

UPM £1m

Robert Horne £822,055

Stora Enso £435,719

Elliott Baxter & Co £377,724

Myllykoski £283,053

Norske Skog £278,053

Stehlin Hostag £138,268

Denmaur Independent Papers £136,256

Kotkamills £123,527

Kodak GCG £110,246

Gould Publication Papers £97,415

Manroland GB and AG £95,318

| 发布时间:2011.09.16    来源:    查看次数:706
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