In December 2018 the company approached Duff & Phelps and the insolvency practitioner began marketing the business on 4 January 2019. Sarah Bell and Steven Muncaster of Duff & Phelps were formally appointed joint administrators of Charapak Packaging Ltd on 28 January 2019. "On appointment we took the decision not to trade the business given the lack of working capital, and the costs of trading would outweigh the benefits of doing so," said Bell. The administrators concluded that the best outcome could be achieved by selling the company's assets as a going concern via a pre-pack sale.