Interest in CPC Bristol as site runs ‘week by week’

CPC Packaging UK, which had sites in both Bristol and King’s Lynn and had turnover of around £24m, went into administration on 25 August.

The Bristol site of CPC Packaging UK is still running on a week-by-week basis, Hodges said, while a buyer is sought.

CPC’s King’s Lynn site has now closed, however, and is being marketed by administrators at Grant Thornton as a turnkey operation. Around 95 staff have been made redundant at the business.

Unite regional officer Martin Hodges said: “The site is still trading, which is good news. At the moment there is work until this Friday and if by then there is still a chance of a sale, the site should continue running next week.

“Every week’s a bonus at the moment and we sincerely hope that the administrators can sell the plant.”

CPC’s collapse was blamed on high raw materials costs by its administrators. Its bank, RBS, also withdrew finance for the business earlier in the year.

RBS has claimed that French parent company Groupe CPC had stopped supporting the business. Groupe CPC has not responded to the claims.

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