Blair Nimmo

Providing an update on the progress of the administations, Blair Nimmo, chief executive of Interpath Advisory and joint administrator, said: “We continue to explore potential interest from both trade and financial investors in the AW Group’s business and assets.

“Both the Stoneywood Mill and Chartham Mill sites are being given maximum exposure to identify if any party will step forward to purchase these as paper making facilities.

“However, in the absence of any credible interest in the acquisition of either site as a manufacturing facility, the Joint Administrators will continue to wind down operations at each Mill.”

As a result, Mr Nimmo has urged any interested parties to contact the Joint Administrators as a matter of urgency, regardless of their interest being in the business (or part thereof) and/or specific assets.

Alistair McAlinden, head of Interpath Advisory in Scotland and joint administrator, added: “While we explore potential interest in the Group’s business and assets, we are also liaising with key customers to establish if existing orders can be fulfilled from the Group’s paper stocks. Any customer wishing to understand stock levels available should contact us as soon as possible.

“In addition, we continue to work closely with PACE, the Unions and other UK and Scottish Government support bodies to ensure all employees impacted by redundancy are extended the maximum support possible.”