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Mar 16, 2024

Pharmaceutical packaging firm calls in administrators

A Leeds-based pharmaceutical packaging company has ceased trading and appointed administrators with more than 20 jobs lost. Mark Hodgett and Phil Pierce of specialist business advisory firm FRP were

A Leeds-based pharmaceutical packaging company has ceased trading and appointed administrators with more than 20 jobs lost.

Mark Hodgett and Phil Pierce of specialist business advisory firm FRP were appointed as joint administrators of Pharmaceutical Packaging (Leeds) Ltd on 6 July 2023.

Based in Holbeck, PPL Leeds used cutting edge technology to create bespoke labels for a range of national and multi-national organisations.

Due to the impact of rising supply costs and supply chain inflation, the business was no longer able to meet its financial obligations.

The company has now ceased trading and has been placed into administration, with 21 employees made redundant. Five employees will stay on to help FRP carry out an orderly wind down of the business over the next few weeks.

Mark Hodgett, restructuring advisory partner at FRP and joint administrator of Pharmaceutical Packaging (Leeds) Ltd, said: "Pharmaceutical Packaging had operated in the local area since 1878 and unfortunately, mounting external pressures, most notably rising costs, made the business financially unviable.

"Regrettably, this meant 21 staff were made redundant on appointment. We're now supporting the individuals affected and preparing for an asset sale."