Eco Packaging Products - Administration

Eco Packaging Products, a manufacturer of eco-friendly packaging for takeaway food items, entered administration on 15 February.

Steven Wiseglass of Inquesta was appointed as administrator, and said that the company had shown great potential and spent a lot of money on research and development, but that the business ultimately did not go the way its owners wanted.

Following his appointment, Mr Wiseglass completed the pre-pack sale of the business to EP2 Packaging, saving 14 jobs.

Nick Goodman of Slater Heelis acted for Inquesta on the sale.

Pulse Cashflow Finance has a registered charge against the company.