Paintbox Transportation Services Limited - Administration

Paintbox Transportation Services Limited, a Derby-based company that specialises in the painting of rail carriages for companies across the rail industry, entered administration on 6 December. The company is part of the larger Paintbox group, which has been facing financial pressure following the downturn in certain key contracts. Christopher Pole and Ryan Grant of Interpath Advisory were appointed joint administrators and have reportedly reached a deal with the company’s major customer, Alstom, which will enable the business to continue to trade while they explore options. All of the company’s approximately 60 employees have been retained by the joint administrators for the time being. Two members of the group, Paintbox Banbury Limited and its parent company Paintbox Group, were previously sold out of administration in November, saving 88 jobs. Igf Business Credit Limited and Bgf Nominees Limited have registered charges against the company.