Major card shop collapses into administration
The stationer announced that despite "best efforts" it received no viable offers of buyers.Paperchase was in talks to secure a pre-pack administration dealA statement from the joint administrators said: "On 31 January 2023 Mark Fry, Kirstie Provan and Gary Shankland, of Begbies Traynor, were appointed as Joint Administrators of Aspen Phoenix Newco Limited, which trades as Paperchase.
"Unfortunately, despite a comprehensive sales process, no viable offers were received for the Company, or its business and assets, on a going concern basis. "However, there has been significant interest in the Paperchase brand and attendant intellectual property."Paperchase has 134 branches, with dozens of those located in other stores such as
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