ICSM Credit members manage to get paid just before Printed Solutions went bust

BREAKING: High Wycombe print outfit goes bust

In the last few months ICSM Credit has been urgently contacting its members about the impending insolvency of Printed Solutions of High Wycombe. ICSM Credit understands not everyone managed to extract their money owed with one supplier hit for £50,000 while others refused credit to the print company after initial concerns were raised last year.

Poor trading this winter has been blamed for the demise of the company who styled themselves as reliable and honest along with the old chestnut Brexit plus a bad debt last month which pushed them over the edge. However, ICSM Credit members raised the alarm earlier last year and Ian Carrotte of the credit intelligence group advised firms to only accept payment up front and to call in any overdue invoices immediately.

“By and large this worked,” said Ian, “with some members telling us that without this advice they would have taken a hit which could have caused them considerable problems. It shows the value of being in ICSM Credit as a safeguard against bad debts.”

At the time of writing Printed Solutions were still answering their phones and the website was still operational which has raised eyebrows in some quarters as to the future of the firm. It is thought that Antony Batty and Company has been named as a possible administrator.

On their website the firm states: “We’re Printed Solutions. We’re High Wycombe-based, and printing and integrated marketing is what we do. To some companies, service is just a word, but not to us. From creation to completion, we offer a professional, reliable and friendly service, always at highly competitive prices. Printed Solutions has seen a solid growth and continues to grow by providing quality work, keeping ahead of changes within the industry and by listening to our customers. We are responsible, friendly, honest, reliable and customer focused.”

For details about ICSM Credit call 0844 854 1850 or visit the website www.icsmcredit.com or email Ian at Ian.carrotte@icsmcredit.com on how to subscribe and to join the UK’s credit intelligence network to avoid bad debts and late payers. Follow ICSM Credit on FaceBook, Twitter and YouTube and Ian Carrotte on LinkedIn.

To keep up to date subscribe to the FREE ICSM Credit Newsletter to hear all the latest insolvency news and to see who has gone out of business click on the orange panel on the top left of the home page of the website www.icsmcredit.com or send an email to Ian.carrotte@icsmcredit.com

For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk

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