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Mediatech sold back to previous owners.
Direct mail and print business Mediatech has gone into administration and been sold back to its previous owners.
Stephen Clancy and Philip Duffy of insolvency practitioner MCR were appointed as administrators to the Rugby-based company on 8 July.
On the same day the company's business and assets were sold to new company MDP Direct, which was formed 5 May.
According to a spokesman for MCR, the sale incorporated the transfer of 40 staff.
MDP Direct directors Philip Brooks, former operations director at The Print Factory, and David Wright were both directors at Mediatech prior to its administration.
Both were also shareholders …
