News
MGP Chromocraft bought out of administration
MGP Chromocraft has been bought out of administration by a subsidiary of commercial printer Gaffyne & Browne (G&B).
According to the administrator John Kelmanson, Purple Eight, which is headed up by former Lasting Impressions chairman Russ Green, has bought the assets and the undertakings of MGP.
The company went into administration on 14 April 2008.
Although Purple Eight will be the legal name of the company, MGP Chromocraft will continue to be the trading name.
Green told PrintWeek the company will remain at its Camberley site, where a new six-colour Heidelberg 102 is being delivered in the coming months.
He added that no staff were being made redundant, although some employees were let go before Purple Eight took over MGP.
Green said: "My remit at G&B is to grow the company and expand the quality base it already has. MGP had a specific market base we were looking to go into.
"The timing was right. One of the reasons they were struggling financially was because of the machinery they were running, we had just bought the Heidelberg, which we decided to move to their site.
"We would have needed to upgrade our finishing department in the near future and MPG had everything we needed, so there was a real synergy there."
When MGP became available, G&B were in the process of acquiring the building next door to its facility in Feltham, a plan that has now been scrapped.
Green also said G&B is continuing to look for investment possibilities and was in discussion with two other companies at this point in time.
The combined turnover of the company is now around £7m. Previously, G&B was turning over £2.7m.
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Comments
steven fisher - 09 May 2008
David Burgess is bang out of order, I can't belived he has f*cked it all up when Nycourt was trading for a number of years making good profits .
Andy Janes - 09 May 2008
I agree with Fisher, I got told that the Burgess took aload of money out before it went down ! Can anyone confirm
john gale - 09 May 2008
I was told that Myles Bunyard has brought it out of admin !!!!!!!!!!!!!1
steven fisher - 09 May 2008
Just been told John that Bunyard is part of the new team at MGP
Andy Janes - 09 May 2008
God help all of you if Bunyard is there
steven fisher - 09 May 2008
I hope David pays all the creditors him self, your a waste of space in my book
Jack Sheperd - 09 May 2008
I cannot believe that Bunyard is back.
The man has been struck off by the DTI and still IPs keep selling/giving him print companies.
What can be done to stop this?
Andy Janes - 09 May 2008
I can't belive it all IP's are mad dealing with this man
tony scales - 09 May 2008
JUST TO SAY KELMANSON AND BUNYARD HAVE PREVIOUS AND WHAT ABOUT MARTIN BROWN WHOSE PREMISES ARE INVOLVED
tony scales - 09 May 2008
ALSO IF THE NAME DENNIS BELL OCCURS ON THE INSOLVENCY, BE AWARE
Andy Janes - 09 May 2008
Russ Green knocked a load of suppliers with his company Lasting Impressions and he is back for more, how can he be trusted in the trade ? and with bunyard there they have no chance .
Jack Sheperd - 10 May 2008
I thought Russ Green was still at MPG Impressions in Chessington?
Andy Janes - 11 May 2008
How is MGP going stay alive with bunyard being there the company should just close now.
andy hay - 14 May 2008
I have been informed by John Kelmanson that he had no dealings with Myles Bunyard on this transaction and I believe him why don't all you doubters call Myles direct ,he has always said he would speak face to face with ex. staff,and for that he has to be praised!!!!!!!!!!!
andy hay - 15 May 2008
spoke to one of Bunyards side kicks who said call him and he will answer all questions and confirm he is out of the trade
andy hay - 23 May 2008
According to Myles he is definately out of the trade and he would rather not receive any phonecalls also his phone number is no longer live.
With the view that there is no concrete evidence at the moment that he is in the trade I suggest we leave sleeping dogs alone
martin cooper - 18 June 2008
Hi Andy, nice to see your still siding with your old mate Bunyard, since you teamed up with him at Multplex Techniques, SMS Howard Mailing, after selling him, your old firm at Chessington.
andy hay - 18 June 2008
Hi Martin whoever you are if you read this magazine you will see the last person I would side with is him I have spent the last 3 months trying bto nail him.
If you had that message on 23rd May you would have seen I put myles e mail address on it but Printweek deleted it.
Martin,
dont hide behind the message box e mail direct and ask any question you want andy.hay@hotmail.com
andy hay - 19 June 2008
Having woken up this moring still furious about Coopers comments and obviously he is to much of a coward to contact me direct I will for his benefit set the record straight about the sale of my company in 2001 to the Bunyards.
They agreed a figure of 150k payable every three months for 18 months with first payment up front,they would take on all my personal gurantees,they would pay me65k per annum use my own car and get exs.
All I got was 10k upfront,am still owed 5 months salary =20kish went bankrupt due to my PG's,lost my second property due to non payment of rent at Chessington,did not get a penny piece of exs. except a few tanks of fuel,eventually lost my wife whose illness was the reason I did the deal and have not seen her or spoken for 3 years(as much down to Vic as Mork and Mindy another story!)
Lent Multiplex 25k taking a debenture on some machinery and MB went to Surrey Asset a week later and financed the same machinery.
And you Mr. Cooper accuse me of siding with him,if I was a violent man WHICH I AM NOT the Bunyard brothers would be very ill people by now,but hey ho we can always hope the Black Death breaks out in England and affects just 2 people.But the Myles would just refinance somebody else's kit and buy the devil off.For the even fuller account of this horror story please contact my dear friend Peter Smith at printinvestigation@hotmail.com
andy hay - 19 June 2008
Sorry its Peter Smith and e mail is printinvestigation@hotmail.co.uk.
or
andy.hay@hotmail.com
all are welcome to contact.
In conclusion September 2002 I and a guy called Bryan offered a take over of Multiplex and at a general meeting that afternoon of Staff and Bunyards they were asked to do the deal.I had only 40k at the time and Bryan had a 100k cheque in his pocket,Bunyards turned the deal down so they could control a liqudation,that is the people they are.
NB they couldn't pay me anymore than 10k on completion of the deal and also staff wage cheques bounced after the take over..........why? a man called Tony Dawes walked into a branch of the bank that held Multiplex's account with his passport and withdrew 7000 pounds and went to Thailand.
How..............................another story and he and the Bunyards were not talking at the time.
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