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York Mailing workers who lost their jobs finally to receive payout

York Mailing workers who lost their jobs finally to receive payout

YM Group owed Pricoa £51m when its three web offset businesses collapsed into administration in March, and while YM’s directors are yet to provide a statement of affairs the initial estimates from administrators at FRP Advisory state that unsecured creditors – including huge inter-company sums – are owed more than £61m.

THE businessman who blockaded a failing York firm in a bid to get £67,000 which he was owed now thinks hell be lucky to get 5 pence in the pound…

A MAJOR York business has today gone into administration, leaving a majority of its 100 workers facing redundancy, a union leader has claimed.

YM Group’s plans to be a dominant player in UK web offset have collapsed into chaos, with FRP Advisory appointed as the administrator of the group's three web division businesses, and staff left unpaid.

SCORES of workers at a York print firm are waiting to hear its fate - as a supplier continues his blockade of the business, amid fears it is about…

Nervous workers at YM’s three up-for-sale web plants are awaiting clarity from the group’s bosses about the future for the sites, after Walstead apparently withdrew its interest in a possible rescue deal.

A LORRY was used to blockade a York print firm today amid fears that it may go into administration.

Access to YM Group’s York Mailing site has been blocked by a creditor owed a five-figure sum by the business.