ICSM Print Industry Insolvency Business News: Leicester firm goes bust owing suppliers £326,404 despite valuing ‘suppliers front and centre’ as owner sets up new business

By Harry Mottram: A businessman who has called in administrators to liquidate his printing firm has explained to Print Week’s Jo Francis how he is devastated that his firm has gone to the wall. She reported that the boss and owner Rob Clark of Approach Print in Leicester had appointed Stephen Berry and Jason Greenhalgh of Begbies Traynor on 12 September to wind up affairs.

In a statement to the trade publication Mr Clark said he had developed and funded a ‘proprietary procurement software solution for a couple of large businesses’ but despite ‘huge interest in the solution’ he was unable to service the debt as trade dipped and investors pulled out.

Print Week reported the firm had 10 employees and had an estimated deficiency of £859,182 with MSIF Business Growth Loans, owed £175,909; River Capital Management, owed £175,000; and Funding Circle owed £148,470 and print supplier left with £326,404 in unpaid invoices to which Mr Clark said he felt ‘devastated’.

Interestingly though despite the collapse of his firm which he owned with his wife he has set up a similar company with the name Clark PMC Ltd reported Jo Francis of Print Week.

Her report can be read: https://www.printweek.com/content/news/approach-print-liquidated

Other recent casualties in the printing and allied trades include:

ADMINISTRATORS APPOINTED

GREENSHIRES GROUP LIMITED    00759321

SEVERNPRINT LIMITED     01317797

 

ADMINISTRATION MEETING OF CREDITORS

MONUMENT PAPER BAG CO LIMITED (THE)    00481099

 

CREDITORS’ VOLUNTARY LIQUIDATION DEEMED IN CONSENT MEETINGS

ABACUS PRINT LIMITED

AURORA PRINT AND DESIGN LIMITED    09493944

HICKFORD MARKETING LTD    12809833

 

CVL LIQUIDATORS APPOINTED

ARTEMIS CARDS LTD    14094575

CADA DESIGN GROUP LIMITED     02780401

MACKMEDIA LTD    10266334

VISUAL COMMUNICATIONS DESIGN LIMITED    04958228

 

MEMBERS VOLUNTARY LIQUIDATIONS

BIG SKY MARKETING LIMITED     09115742

MERMAN MEDIA LTD    10484071

 

PETITION DISMISSED

ENSIGN GRAPHIC SOLUTIONS LIMITED    05015222

WELLPACK EUROPE LTD    06398419

 

PETITIONS TO WIND UP

CNM MARKETING LIMITED

LSD SIGNS LIMITED    11751791

 

SECRETARY OF STATE LIQUIDATION APPOINTMENT

IMAGE 2 OUTPUT LIMITED    04899814

 

WINDING UP ORDERS

A & S PRINTERS    05745694

DIGITAL MEDIA DIRECT LIMITED    10441274

OKAMI MEDIA LIMITED    11677301

VISION MARKETING AND DISPLAYS LTD    SC612226

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