Date Published: 30th June 2009
Following the collapse of long-established Tunbridge Wells print supplier Paterson Printing Ltd at the end of May, administrators have been appointed for BDL Print Group, the print management arm of the Paterson Group.
Geoff Rhodes and Jon Beard of the Brighton office of Begbies Traynor are handling the administration of both companies.
A total of 50 jobs were lost when Paterson Printing ceased trading on 28 May. A further 20 people were made redundant when BDL Print Group entered administration on 10 June.
BDL was acquired by the Paterson Group in 2006 as part of a strategic plan to facilitate growth within the print management sector.
“The recession has claimed a significant number of casualties within the printing industry but it’s particularly sad to see long-established businesses lose the fight for survival,” said Jon Beard.
“Research undertaken by Begbies Traynor flagged up print and packaging as one of the sectors experiencing critical problems during the first quarter of 2009.
“Investment in cutting edge technology and competitive pricing is essential for these businesses, but the resultant borrowing can leave them vulnerable.
David joined Begbies Traynor in 2004 originally working in one of their regional offices. In 2006 he moved to the London office to help set up a specialist team focusing on creditor side assignments in the guise of Independent Business Reviews and Independent Solvency Reviews. David has 20+ years’ experience in the accounting profession and prior to joining Begbies Traynor has worked in a number of Top 50 London based partnerships.
As well as business reviews and independent solvency reviews, hands on turnaround assignments have also been one of David’s main focuses. This has generally been in support of high street clearing banks.