ICSM Business News: collapsed Cardiff based printing company acquired in a pre-pack by the signage firm PFI Group

Morgard Court, better known as a Gardners in the Welsh capital has been taken over by the PFI Group after falling into administration on August 5.

The signage firm is thought to employ more than 100 workers and specialised in wide format printing of banners and large scale graphics.

Writing in the trade website Print Week Richard Stuart-Turner reported: “The business​ operates from a four-acre purpose-built facility in Cardiff and the purchase represents PFI Group’s first production and service centre based in Wales. Gardners’ client base includes many major brands, with a particularly strong reputation within the retail, outdoor, fleet, and venues and event sectors.

“The business will continue to be led by managing director Richard Courtney and the company’s current management team.”

Print Week said the PFI Group encompasses the following businesses: PFI GB Signs, Sign Plus, Lofthus Signs, In2 Signs & Graphics, Shades Graphics, Mardan Products, Futurama Group, Insignia Signs, Creative Display, SignMaster, Jasmine, Cestrian, Kesslers, Proportion London, Works Manchester, PFI Speedscreen – also acquired this summer – and Gardners.

Adminstrators for Gardners Michael Lennon and Philip Dakin both of Kroll Advisory were appointed In the High Court of Justice, Business & Property Courts of England and Wales on 5 August 2022.

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