UPDATE:
As of today we are still waiting to hear from our directors as to what the next stage is. Unfortunately it is a waiting game, i do not know who the receivers are yet, but as soon as i do i will pass this information on to people that need to know, although they will be contacted by the Receivers themselves also.
On a side note, this doesn't just involve Alphamagic labels, there is also a pressing plant that presses for many labels worldwide, its looking like this has a large part to play as far as unpaid bills go, there are labels that have accounts with us that haven't paid up pressing bills that ammount to well over 6 figures, this seems to be the knock on effect of sales taken a massive downturn and labels having over pressed and not being able to pay bills. This is just one area of the whole business where cashflow has come to a slow grinding halt.
I will pass on information to anyone i can when i have, until that time i cannot add anything.