Printer enters administration

Thu, 20 Aug 2015 | ADMINISTRATION

A printer based in Swindon has entered administration, less than a year since it made its last acquisition.

Multisets appointed administrators from Mazars last week (13 August) and while the 40 staff working at the firm have been made redundant, the business itself will continue to operate at a lowered capacity as a buyer is sought.

Tim Ball, insolvency practitioner and joint administrator from Mazars, told Print Week: “It is very sad to see another long-established printing business struggling to compete, and trade profitably, in the declining print market.

“A number of redundancies have already taken place, however the company continues to trade on a reduced basis and the administrators are actively seeking a buyer for the business and assets.”

He added that he is hopeful that the established nature of the business will mean a buyer can be found.

The company was established in 1962 and last operated with a turnover of around £5 million. Its business has a strong focus on bespoke cheques for banks, schools and solicitors and it incorporates anti-fraud features into the printing of these.

Among the machinery operating in its 3,250 square metre premises are Rotatek, Morgan and Xerox presses and a Tamarack card mounting machine. It is not known if these have been sold on as yet or if the focus will be on selling the entire business if possible.


View other businesses in administration.


Share this article



Latest Businesses for Sale

Printed Packaging Manufacturer
London, South East, UK

Long established with strong brand identity. High Levels of repeat business. Continually expanding customer base. Offers invited.

Asking Price: Offers Invited
Turnover: £847,000

Industrial & Elevator Door Engineering
South of England, UK Wide

Very High profile customer base. Framework agreement with world's leading elevator manufacturer. Outstanding track record . Exciting expansion opportunity. Offers invited.

Asking Price: Offers Invited
Turnover: £925,000

Automotive Development & Tuning Business (Fast Sale)
UK Wide

For Further Information: All enquires including requests for a non-disclosure agreement (NDA), should be directed to the below together with Your Name, Registered Company Name and Contact Number: Unconditional offers together with proof of funds to b...

Asking Price: Offers Invited
Turnover: £445,000


View more businesses for sale

News Search

Latest News

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
15
 
Jan
 

Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
14
 
Aug
 

Egg supplier enters administration | ADMINISTRATION

Egg producer Blackdown Hills Enterprises Limited has been pl...

 
17
 
May
 

London exteriors firm up for sale after administration | ADMINISTRATION

Both the business and assets belonging to a London-based con...

 
26
 
Apr
 

Chester-based bike seller up for sale | ADMINISTRATION

A firm based near Chester that sells bicycles and cycling ac...

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