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Progressive Greetings WorldWide UK – 1st April 2008

Powerfresh Goes Under and Is Reborn

Gift book wholesaler Powerfresh went into administration on March 10. Three days later it had, according to an email sent by the administrators to a potential buyer, been sold.

According to an advert on the website businessesforsale.com, Daventry-based Powerfresh had assets including stock, office furniture and equipment and goodwill based on its annual turnover in excess of £1.7 million.

The joint administrator, Gary Pettit of Begbies Traynor of Milton Keynes said the business had been sold as a going concern, and no jobs had been lost but he would not supply any information about the situation until after the creditors’ meeting.

Copyright 2008 Max Publishing

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