Joseph Pickering brought down by debts

A spokesperson for the administrator told Packaging News: “The administration was caused in part by the insolvency of associated company Red Rose Packaging, which was a debtor of Joseph Pickering and left the business with bad debts.

“This was in addition to a rise in costs and a fall in sales that hit Joseph Pickering’s cashflow.”

Red Rose Packaging went into administration in October, while another company in the same group, Swift Packaging was dissolved in June.

South Yorkshire-based Joseph Pickering & Sons, which was established in 1824, ceased trading on 30 January.

A majority of its 40 employees have been made redundant and the company’s administrators are in the process of selling off its plant and machinery. It has appointed Fox Lloyd Jones as the agent to handle the sale.

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