Jarrolds poised to unveil future plan

Jarrold Printing will make an announcement to staff on Monday (2 December) regarding the future shape of its business.

The Jarrold family's plans for its printing operation have been the subject of intense speculation in recent months, reaching a peak three months ago when Gary Iceton, the former Clays chairman, joined in a consultancy role (PrintWeek, 30 August).

This week sources suggested that Iceton could be involved in an MBO at the Norwich web offset printer, which counts Emap and NatMags among its major customers.

During his spell at the company, Iceton has presided over a round of management changes, resulting in the departure of five senior managers (PrintWeek, 20 September), followed by a series of internal promotions (PrintWeek, 25 October).

One source has suggested that the real value for the Jarrold family lay in the site's location as prime real estate in the heart of Norwich, and that any MBO would result in the business moving.

Jarrold Printing has also been linked with a merger with a fellow UK web printer throughout the year.

During his time at Clays, Iceton led the ultimately unsuccessful bid to move the St Ives book printing arm to a new greenfield site.

Jarrold Printing managing director Charles Jarrold was unavailable for comment as PrintWeek went to press, as was Iceton. However, the firm said Jarrold would be available following Monday afternoon's meeting.

Jarrold Printing has had a breathless year. Managing director William Mills left last Christmas and his replacement, Jarrold Group chief executive Rob Mills, lasted just two months in the role before departing, leaving Charles Jarrold to take control.

The firm was also forced to cut 76 jobs in April. Jarrold & Sons, the holding company that also covers the Jarrold department store and Jarrold Publishing, reported a 3.3m pre-tax loss for the year to 31 January, on sales down 4m to 64.4m.

Story by Gordon Carson