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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