ICSM Business – Print Industry Insolvency News: Greenshires goes bust owing creditors £2.8 million pounds despite the bizarre claim they were having a ‘rebrand’

ICSM Business – Print Industry Insolvency News: Greenshires goes bust owing creditors £2.8 million pounds despite the bizarre claim they were having a ‘rebrand’

By Harry Mottram: Leicester based printing firm Greenshires has gone into administration leaving the workforce of more than 50 out of a job and its creditors out of pocket to the tune of £2.8 million pounds.

The firm posted a Notice of Intention to appoint administrators on February 12, 2024, which was accompanied by bizarre statement about rebranding the company. Whether this is a euphemism for a phoenix as some on social media have suggested or a misguided statement which suggested they directors didn’t realise the trouble the firm was in.

Print Week’s Jo Francis reported on a supplier who had raised concerns about the firm in the recent past while the industry journalist penned: “The NOI was filed on 12 February by John Lowe and Nathan Jones of law firm Shakespeare Martineau. The business, which traded as David Green Printers until the late 1980s, is owned by the Yell family. Greenshire Group’s most recent financial statements filed at Companies House are abbreviated and unaudited, for the year to 31 March 2023. The company employed 53, down from 61 the prior year. Amounts due to creditors within one year were nearly £2.8m. Greenshires Group had negative retained earnings of £579,543 at the balance sheet date.”

Ian Carrotte of ICSM - the business membership group dedicated to fighting bad debts and late payers with many members involved in the print industry and allied trades – said: “We understand the Notice of Intention gives the firm protection from creditors until the 24th February after which if they do go into administration then sadly those suppliers owed money may have to wait to see what happens next.”

Now it seems his words have come true after the company has gone into administration leaving a bad taste for those who will not get paid.

The company posted this statement on its website back when the firm announced the Notice of Intention which now seems at odds with the facts: “These are exciting times at Greenshires. We are in the process of not only rebranding, but continually expanding the services we offer to our customers. A true full-service print and packaging hub encompassing litho, carton, point-of-sale and very shortly the very best in rigid box design, print and production. At Greenshires we have the knowledge, experience and technology to deliver unmatched results with the minimum of hassle. Your brand isn't ordinary. So why should your print be?”

Separately last fortnight the Nottinghamshire print and packaging company Surepak also announced it was likely to appoint administrators – as reported by The Business Desk.

Below are some recent firms in the sector that have hit the buffers:

PRINTING AND ALLIED TRADES, EXHIBITIONS, GRAPHIC DESIGN AND MEDIA

 

ADMINISTRATORS APPOINTED

CESTRIAN IMAGING LIMITED     05367631

CROSSGROVE BOXES LTD    12279159

DEANPRINT LIMITED    00030846

ENGAGE OUTDOOR MEDIA LIMITED    11077033

FARADAY PRINTED CIRCUITS LIMITED     01905822

FRUITION CREATIVE SERVICES LTD    07169063

OSO FIBER UK LTD    12577120

 

ADMINISTRATION MEETING OF CREDITORS

MONUMENT PAPER BAG CO LIMITED (THE)    00481099

 

CREDITORS’ VOLUNTARY LIQUIDATION DEEMED IN CONSENT MEETINGS

CBE COMMUNICATIONS LIMITED    10209201

CULVERLANDS PRESS,LIMITED    00463040

FRUITION CREATIVE SERVICES LTD    07169063

GREAT YARMOUTH PRINTING SERVICES LIMITED    02785485

HSP FINISHING LTD     13660733

JOHN DOLLIN PRINTING SERVICES LIMITED    01442382

JULIE ANNA DESIGN LTD     12038463

KAVANAGH DESIGNS LTD    10377121

M&LK COMMUNICATIONS LTD    08161935

PARADOX MEDIA GROUP LTD    12422983

POSITIVE ACTION PUBLICATIONS LIMITED     02098311

PULSE PRINT AND COMMUNICATIONS LTD    08206224

ROADIE DESIGNS LTD    07185390

SHUTTLEFISH CREATIVE LIMITED    08707829

TASK BUSINESS SUPPLIES LTD     10878413

T.S. PRINT GROUP LIMITED     04510953

VIRTUAL MEDIA CREATIONS LTD    11497085

ZANCO (UK) LIMITED    11351302

 

CVL LIQUIDATORS APPOINTED

A B I DESIGN PARTNERSHIP LIMITED    08278041

CASCADE BUSINESS SUPPLIES LIMITED    07275071

CLARK WHITE PUBLICATIONS LIMITED    02653326

DESIGN & CREATE LTD    05702658

ELECTRICAL DRAWING & DESIGN SERVICES LIMITED    03123490

HARPERS & CO (CARDS & GIFTS) LTD    09791222

IMAGERY DIRECT IMAGING LIMITED    03864414

INTEGRATED PRINT SOLUTIONS LIMITED    10456333

INTEGRAL BULK PACKAGING LTD    10890393

MORTIMER PRINT LIMITED    05882231

MORECAMBE PRESS LIMITED    04541546

ON POINT PROMOTIONAL MERCHANDISE LTD    11799734

OINK CREATIVE LTD    07183229

PEAR MARKETING LTD    12443139

PICADOR DESIGN INTERNATIONAL LIMITED     02563587

PL LOGISTICAL SOLUTIONS LTD    11227340

PEARL COMMUNICATIONS LTD    07096790

RABENJA DESIGN LTD    06771261

SEVEN GRAPHICS LIMITED    11305899

SGM PRINTING LIMITED    07920034

SOHO MUSIC PUBLISHING LTD    09773591

TAKERS PRINTERS LIMITED    05019329

THE LIVING ROOM MEDIA LTD    05457068

T.S. PRINT GROUP LIMITED    04510953

TLM MEDIA LTD    07113766

ZANCO (UK) LIMITED    11351302

 

 

MEMBERS VOLUNTARY LIQUIDATIONS

ADEPT PUBLICATIONS LIMITED    02599610

CITYTALK COMMUNICATIONS LIMITED     06231416

ENTALE MEDIA LIMITED     10872547

P.D.S. DESIGNS (SOUTHAMPTON) LIMITED    01899185

SAVE POINT DESIGN LTD    12508917

SMILE PUBLISHING LIMITED    03709145

SPEAKEASY MEDIA LIMITED    03584649

TURNAROUND MEDIA LIMITED    11433407

 

PETITION DISMISSED

ENSIGN GRAPHIC SOLUTIONS LIMITED    05015222

 

PETITIONS TO WIND UP

A&S COMPLETE ENVELOPES LIMITED    10844809

CAPITAL SPORTS MEDIA LTD    11143213

PAPER LONDON LIMITED     07725265

PULSE PRINT AND COMMUNICATIONS LTD     08206224

SIMON DESIGN PROJECTS LTD    08556499

SONNET MARKETING LIMITED    08548080

SUNRISE PUBLISHING LTD    13221849

 

SECRETARY OF STATE LIQUIDATION APPOINTMENT

IMAGE 2 OUTPUT LIMITED    04899814

NEXT CHAPTER STUDIOS LIMITED     11894538

 

WINDING UP ORDERS

A & S PRINTERS

FISCHER MARKETING MALTA LIMITED    C73574

PEARL COMMUNICATIONS LTD    07096790

PULSE PRINT AND COMMUNICATIONS LTD    08206224

SSD EVENTS AND MARKETING LIMITED    11740190

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