Respected London-based printing company crashes as more firms in the printing, media and allied trades hit the rocks
Print Week, the leading trade publication for the industry has reported on the sudden collapse of the respected printing and publishing company Push Print.
Jo Francis reported: “The Bermondsey, London-based firm printed for a wide range of creative clients producing books, magazines and brochures for galleries, museums, photographers, architects, fashion houses and property developers. Further details about the company’s situation were unavailable at the time of writing but Printweek understands that a liquidator will be appointed tomorrow (1 September), and the business had been knocked off course by the effects of the pandemic. In its abbreviated accounts for the year ending 31 July 2020 shareholders’ funds at The Big Push Ltd, which trades as Push Print, had reduced from £357,631 to £27,558. The 21-staff firm had also been using the furlough scheme.”
The news comes on the back of warnings from ICSM’s Ian Carrotte that there will be a slew of firms going bust as they come of furlough payments this month. He described the situation as being ‘on the brink of disaster’ as the number of companies going bust increases.
“More than a million workers are on furlough still,” he said, “with many businesses are on drip feed from the Government with no hope of returning to profitability. Once the payments end they will call it a day and cease trading leaving suppliers unpaid.”
ICSM understands that Push Print in the Print Week story is not connected to the Glasgow company of the same name.
Private Eye have followed up ICSM’s report on KEO Films owned in large part by the TV celebrity chef Hugh Fernley-Whittingstall has reported on the £4million pay-outs to him and his co-owners but nothing for the suppliers and freelancers. They are owed hundreds of thousands of pounds and are unlikely to get nothing after the pre-pack sale of the firm to another company.
Liquidators have also been called into printing companies Mountain Paw-Print, Platform Press, TMS Publishing Limited and Waltham Print Limited as the list continues to grow.
Ian Carrotte of ICSM said: “We have a special offer with free membership for 90 days. We’ll set up new members with a free account and access to our free headed ICSM legal letters including Final Demands and Breach of Contract letters. These work in around of 80% of cases so it is worth joining if you cannot get clients to pay.”
Details at https://www.icsmcredit.com/join.htm
Below is a listing of printing, press, publishing and allied firms who have hit the buffers financially.
PRINTING AND ALLIED INDUSTRIES
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 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