Print Week: future of the printing industry up for grabs as the Daily Mail DMG contract is reviewed which could make ‘structural changes’ to the sector
Ian Carrotte of ICSM has hailed the review of the massive Daily Mail DMG contract as a game changed for the printing industry.
He said: “As the newspaper and magazine industry continues to reduce these once common place contracts for print runs that run into millions are increasing rare and highly important. They can make or break a company and massively effect their suppliers. My advice is if you are tied into a contract with a firm that relies almost entirely on one of these deals then beware. Those with long memories will recall how the termination of the contracts brought about the end of Quebecor and Polestar.”
In an article in the online version of Print Week Jo Francis reported on how the DMG contract was causing jitters in the industry after it was put under review.
She wrote: “Printweek understands that DMG Media’s Associated Newspapers division has carried out print trials on its Weekend and You supplements for the Daily Mail and Mail on Sunday at both YM Chantry and Walstead Bicester. The titles have been printed gravure at Prinovis UK in Liverpool since the pre-pack and subsequent collapse of Polestar in 2016. At the time it was Polestar’s biggest contract.”
ICSM’s Ian Carrotte said the credit intelligence group that keeps tabs on firms in trouble for its members said there was also the concerns for importing paper and equipment from European countries. The closure of the Kvarnsveden Mill in Sweden which manufactures 4m plus reels for the newspaper industry highlighted by Print Week was another aspect of the restructuring of the industry that had big knock on effects.
Below is a list of businesses in the printing and allied industries as listed by Companies House who have recently been in financial trouble:
PRINTING AND ALLIED INDUSTRIES
Administrators Appointed
David Atkinson Communications Limited 10697568
Element Production Studios UK Limited 12553780
KLT Communications Limited 11059534
Administrators Meetings Para 51
Monument Paper Bag Company Limited (The) 00481099
Real Brick Limited 09665343
Creditors’ Voluntary Liquidation Deemed in Consent Meetings
Braystone Marketing Limited 11093956
Clinton Smith Design Limited 05859993
Contra Framing Limited 10381456
FAM Media Limited 12161783
Golden Studio Limited 08555295
Hallam Signs & Graphics Limited 09520982
Ipex Communications Limited 12109835
Lifestyle Media House Limited 09286219
Maclaren Marketing (Yorkshire) Limited 04223683
Shot Kandy Limited 07382185
SJC Promotions Limited 09496105
The Last Transport Film Limited 10982334
To Asmara Film Limited 10408635
Waltham Print Limited 09904745
Liquidators Appointed
Andesign UK Limited 04562904
Braystone Marketing Limited 11093956
Bretts Trophy Centre Limited 03932420
Bureau Creative London Limited 10317666
Class One Communication Limited 09714846
Clarendon Press Gloucestershire Limited 05144567
Contra Framing Limited 10381456
Design at Work Limited 02307348
E Marketing Limited 12268427
KGK Genix (London) Limited 08814536
Lifestyle Media House Limited 09286219
Naughty Step Films Limited 09366390
Premier Posting Services Limited 06742463
Prezzroom Limited 11110746
QDos Exhibitions Limited 03789960
SA Marketing Solutions Limited 08986721
Skelkites Advertising Limited 07766848
South East Communications Limited 05181383
Stadia Media Limited 09361514
The You Agency Ltd 07949945
UK Leaflet Distribution (NW) Limited 11059719
Universe Catholic Media Limited 13286109
Urbans Signs Limited 09253600
Members Voluntary Liquidations
Crimson Hive Design Limited 06257027
LRN Design Services Limited 08418505
M&T Design Services Limited 12361260
Smudge Media Limited 10251647
Petitions to Wind Up
Aequitas Packing (UK) Limited 08913537
Strata Shopfitting Solutions Limited 08201475
Petitions to Wind Up
Larkhark Films Limited 08400617
Winding Up Orders
One Space Media Limited 06741203
About ICSM Credit
ICSM Credit has more than four decades of experience as a credit intelligence group whose members gain inside information about firms in trouble allowing them to avoid bad debts and rogue traders. To join costs less than a tank of fuel - while at the moment there's a special free temporary membership offer during the Covid-19 crisis which gives access to free legal letters. ICSM also has an effective debt collecting service which has a global reach - ask for details from Paul.
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