Thursday, August 5, 2021
A restructure at Hertfordshire-based Datum has seen a new company emerge, while Datum Colour Print (Hatfield) has gone into voluntary liquidation.
Datum Creative Media Ltd, trading as Datum, has gained court permission to continue using the Datum name following an application made by Datum Colour Print (Hatfield) director Mark Gamble.
Datum Creative Media was previously called D2 Creative Media Ltd, and prior to that Scott Pearce Ltd.
However, Scott Pearce resigned as a director of the company in March, at the same time as Simon Kramer was appointed as a director and was also registered as a person with significant control of the business.
Kramer is also a director at Joshua Clark Business Services and at recently-established EV Renewables.
Pearce told Printweek: “The company is in the process of restructuring the business in order to remain competitive in the market. Both Mark and I remain in situ and working alongside our partners.”
The new Datum online print shop is using Precision Proco Group’s Where The Trade Buys production site in Sunderland for manufacturing.
Datum Colour Print (Hatfield) went into creditors’ voluntary liquidation in May, with Mark Newton and Anthony Hyams of Insolve Plus appointed as liquidators.
The firm had a total estimated deficiency of just under £310,000, with the taxpayer the biggest creditor as the business owed HMRC a total of £93,603 (£81,603 of which was as second preferential creditor), and had also taken out a £125,000 CBILS loan.
There was a £30,107 surplus available for preferential creditors.
Trade and expense creditors were owed £120,355.
Pearce and Gamble led an MBO at the former Datumpress business back in 2008.