Website Leeds trade creditors owed £2.1m

Creditors of The Website Leeds and Glynn Print Finishers were owed £2.1m and more than £800,000 respectively at the time parent firm Glynn Print Group was placed into creditors’ voluntary liquidation.

The statement of affairs for The Website Leeds posted by joint liquidators Christopher Stirland and Philip Pierce of FRP Advisory, who were appointed on 31 December, included employee claims of £149,000 and a £40,000 PAYE debt to HM Revenue and Customs.

The worst hit creditor was Kircaldy-based Cellmark Paper which was owed £554,139 at the time of the company’s collapse. Other badly hit creditors included Gerald Judd, John Heyer Paper and S&S Inks (UK), which were owed £126,732, £133,113 and £116,730 respectively.

Glynn Print Finishers had outstanding employee claims of £185,500 and owed HMRC £168,000 in PAYE payments. The largest single unsecured creditor was Wakefield-based Major Recruitment, owed £196,797, followed by Leeds City Council with £84,692 outstanding.

Meanwhile the Website Leeds or Glynn Print Finishing may be in the process of being resurrected in some form. The group closed its doors on 17 December, with all 126 staff being sent home, and its website was taken down, but this week the website was functioning again and staff were answering phones.

However, in response to questioning on the phone, a member of staff told PrintWeek: “I can’t confirm that the company is trading or what services it is offering”.

Managing director Graham Glynn, who it emerges incorporated a new company called Website Print on 3 January, has been unavailable for comment.

Last week a source told PrintWeek that last-stage negotiations were underway with a potential buyer for some of the group’s assets and that could lead to jobs being saved.

Today a spokesman for liquidators FRP Advisory said: "Talks continue which may result in a sale of assets of the wider Glynn Print Group but there is no guarantee at this stage of those talks moving to completion."