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Old 09 September 2012, 18:59   #1
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Plastimo insolvent?

Have I heard right, Plastimo have gone into insolvency?
Any further news on this?
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Old 10 September 2012, 03:26   #2
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The parent company is French, and I've only found French news articles. My French is somewhat rusty but google translate suggests:

- the parent company entered "Temporary Receivership" (this sounds like it is a bit like Administration in the UK) in May 2012, allowing them until November to sort things out.
- a recent court hearing, was considering bids from 7 companies to take over the group.
- a final hearing will be today 11th Sept 2012.

Navimo's UK subsidiary is still listed on Companies house as though nothing is up.

So unless you know something I've not seen then, no I don't think so.
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Old 10 September 2012, 06:16   #3
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This happen a lot in France as it is very hard to shed staff when thing are not so good & this is a way round restructuring there company & getting around the laws with redundancy!
Not saying this is the case this time but has happened a lot with my French suppliers over the years!
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Old 10 September 2012, 06:19   #4
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Boating Business - Plastimo insolvent?
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Old 13 September 2012, 06:33   #5
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Latest update on Navimo receivership
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Old 14 September 2012, 10:28   #6
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Navimo's fate resolved
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