150 jobs lost as Bradford print firm Global MP folds
- 2 July 2014
- From the section Bradford
A printing company in Bradford has gone into administration with the loss of about 150 jobs.
Global MP, on Battye Street in Laisterdyke, ceased trading and staff were made redundant on Tuesday, administrators Baker Tilly confirmed.
The firm was formed nine months ago, after the merger of two other businesses.
Baker Tilly said Global MP's director had unsuccessfully tried to secure a sale of the company as a going concern.
Chris Ratten, from Baker Tilly, said: "Despite securing a new working capital facility earlier this year, the cash flow issues at the company were such that administration was the only option to protect the remaining assets for the benefit of creditors.
"Regrettably we have had to make a number of people redundant and our specialist employee team will be assisting them to make the relevant claims with the redundancy payments service."
Global MP was not available for a comment.