Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
In September 2013, Cogent B2B acquired St Ives Direct from the St Ives Group, establishing Global MP. Despite efforts to try to sell the company as a going concern, the administrators made the decision to cease trading on 1 July 2014. As a result, 150 staff have lost their jobs.
The company, that was involved in printing and direct marketing, was based in Bradford in West Yorkshire. The administrators are now providing assistance to the 150 staff who have all lost their jobs, including assistance in relation to lodging claims with the UK Redundancy Payments Scheme.
Eurofound (2014), Global MP, Bankruptcy in United Kingdom, factsheet number 77284, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77284.