Troubled Shrewsbury envelope firm makes 19 workers redundant

A Shrewsbury envelope makers has made 19 people redundant after the firm went into administration.

Atcham Business Park. Photo: Google StreetView.
Atcham Business Park. Photo: Google StreetView.

Rapid Envelopes, based at Atcham Business Park, has appointed administrators from Begbies Traynor to manage the sale of the company.

The firm, which was set up almost 18 years ago, is continuing to trade while a buyer is sought.

Joint administrators Mark Malone and John Kelly, from Begbies Traynor's Birmingham office, were appointed on March 8.

Mr Malone confirmed that they had managed to secure the immediate future of five employees at the company, although 19 people have been made redundant as a consequence of the administration process.

He said: "We have had to act quickly to ensure the company can continue to service the needs of its customers, and we have retained a small number of employees to do this while a buyer is sought.

"Sadly, market conditions have proven very challenging and there has been a build-up of legacy debt that has created supply issues."

Mr Malone said interested parties were being encouraged to come forward as quickly as possible by contacting him at the Begbies Traynor's Birmingham office.

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