Print firm’s collapse caused by 50% rent increase and the pandemic that forced turnover by 70% (but salvation as the creditors vote for a CVA)

Print firm’s collapse caused by 50% rent increase and the pandemic that forced turnover down 70% (but salvation as the creditors vote for a CVA)

One of the comments on a story in Print Week highlights an undeniable problem that printers and other businesses of all hues face when based in London. Although there’s lots of business to be had in the capital overheads are astronomically high.

Jo Francis reported on the creditors of the Premier Print Group who have voted by more than 90% to accept a Company Voluntary Arrangement (CVA). It will allow the firm to keep going in a new site and to keep serving their customers.

Darren Goodson of the company told Printweek’s Jo Francis: “Basically it’s all down to the pandemic. The business has been going for something like 38 years and been through three or four different recessions. But our workload went right down because of the pandemic.

“In 2019 we grew by around 25% and we were really motoring. Then the pandemic hit at the end of March 2020. Our turnover was down by 70% at one point, and the various lockdowns came and went and business just didn’t come back. At the beginning of this year our landlord increased the rent by 50% and wanted to backdate it to March 2020, and that was the final straw.”

Ian Carrotte of ICSM said this was a classic case where the Government’s lockdowns to combat the pandemic had damaged businesses by taking away their customers. “With the end of the furlough system more firms will go bust as the money that keeps them afloat is taken away. We have offered all businesses free membership and legal letters to allow them to chase these zombie companies for overdue payment,” he said.

Jo Francis said that Premier had vacated its unit at London Industrial Park when the rent was hiked.

She added: “Fellow London print business Push Print recently said it would be calling in liquidators, while another east London print firm, Matthews the Printers decided to shut down in March after its work for the hospitality sector dried up and the financial drain became unsustainable.”

Below is a list of print industry related firms who have hit the buffers:


Administrators Appointed

24 Live UK Limited    08433977

KEO Films Limited    03138064

KLT Communications Limited    11059534


Administrators Meetings Para 51

Monument Paper Bag Company Limited (The)    00481099


Creditors’ Voluntary Liquidation Deemed in Consent Meetings

Adlestrop Creative Platform Limited    12059603

Aventor Design Limited    04557090

Boom Advertising Limited    11769873

Elmley Sales & Marketing Limited    10607048

Grand Design London Limited    09024197

Ian Rogers Media Limited    11366945

Sixth Story Creative Limited    07451857

TES Media Group Limited    08704040

Waltham Print Limited    09904745


Liquidators Appointed

Adlestrop Creative Platform Ltd    12059603

Apple Graphics Uk Limited    10390034

Boradside Posting Services Limited    04304382

Clinton Smith Design Limited    05859993

Colour Rite Limited    05853308

Creative Group Inc Ltd.    10868477

Fam Media Limited    12161783

Four Four Studio Limited    11892103

Grand Design London Limited    09024197

Hallam Signs & Graphics Limited    09520982

H K Packaging Limited    11853663

Hilton Publicity Limited    10424957

Image Star Creative Solutions Limited    11456909

LCE Architects (UK) Limited    07491229

McLaren Marketing (Yorkshire) Limited    04223683

Mint Copy Limited    08945356

Mountain Paw-Print Limited    07617318

Platform Press & Publicity Limited    07864344

SA Marketing Solutions Limited    08986721

Soho Post Production Limited    08848965

TCE Productions Limited    08906321

TES Media Group Limited    08704040

Time Design Limited    11925131

TMS Publishing Limited    11002243

Vanadu Limited t/as First Point Print    02562027

Villiers Forbes Design Limited    05419711

Waltham Print Limited    09904745


Members Voluntary Liquidations

BOHL Publishing and Consulting Limited    09812398

By Design (UK) Limited    06019413

Ink Studio London Limited    08442694

JCA International Sales Promotion Services Limited    03427899

MB Designs Limited    09580795

PPS Media Limited    03165439

Smudge Media Limited    10251647


Petitions to Wind Up

Aequitas Packing (UK) Limited    08913537


Winding up orders

One Space Media Limited    06741203

Strata Shopfitting Solutions Limited    08201475

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 or email Ian at 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.

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