Leicester printing firm enters administration

Fri, 14 Feb 2020 | ADMINISTRATION

Long-established Leicester printing firm Taylor Bloxham Group has confirmed it has entered administration.

The company, which includes among its clients Bentley, Crown Paints and BAFTA, has appointed John Lowe and Ben Woolrych of specialist business advisory firm FRP as joint administrators.

Taylor Bloxham Group has been in business for more than 80 years and is made up of four divisions: printing solutions provider Taylor Bloxham, Point of Sale design and installation firm Instore, storage and ecommerce division FastAnt and direct mail solutions delivery system Mailbox.

According to FRP, the main issue being faced by the Taylor Bloxham Group was that it was suffering "severe cashflow pressures, which had become unsustainable in recent months following a period of losses and a tightening of supplier terms".

The administrators have been working with the directors of the company on an accelerated sale process in a bid to secure a sale for the whole business. However, the only offer received was for the Mailbox division, for which the sale has now been completed.

Mr Lowe and Mr Woolrych have now confirmed that they will focus on "maximising" and returns for creditors by selling the company's remaining assets and ensuring all employees affected receive the support they need.

Commenting on the announcement, Mr Lowe confirmed that they had managed to secure 21 jobs in the sale of Mailbox but are yet to secure the positions of the firm's other employees.

Lowe said: "Taylor Bloxham has been a part of the Leicester business community for over 80 years but, despite the best efforts of the management team, has been forced to close with immediate effect.

Share this article

Latest Businesses for Sale

Access Control Systems & CCTV Consultancy
Hertfordshire, South East, UK

Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...

Asking Price: Offers Invited
Turnover: £530,000


Telegraph Pole & Fibre Optic Installation & Replacement Services
UK Wide

Works with national communications networks and utility companies to provide rapid, reliable telegraph and utility pole services. Operates nationally, predominantly working with clients based across the Midlands. Works with market-leading, blue-chip...

Asking Price: Offers Invited
Turnover: £2,450,000


Passive Fire Protection Specialist
UK Wide

Supplies and installs a range of comprehensive passive fire protection systems in buildings throughout the UK. Services offered include structural steel protection, fire stopping, acoustic and air sealing and soffit insulation. In addition to its cor...

Asking Price: Offers Invited
Turnover: £6,390,000


View more businesses for sale

News Search

Latest News


Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS

The UK government has launched the Coronavirus Business Inte...


Tech group The Panoply acquires consultancy firm Ameo | BUSINESS SALE

Business consultancy firm Ameo has been acquired by AIM-list...


Addison Lee acquired by consortium of investors | BUSINESS SALE

Addison Lee Group, London’s biggest private care hire ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Party supplies wholesaler acquired out of administration | BUSINESS SALE

West Yorkshire party supplies wholesaler Iparty Ltd has been...


Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE

Online used car service Heycar has purchased the independent...


On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources