Prior to GWSP falling into liquidation after the rejection of a CVA and the loss of 55 jobs, it had a turnover of 2.6m (PrintWeek, 2 November).

Tall Group managing director Martin Ruda hopes to corner as much of that business as possible. "Only time will tell what that figure will turn out to be though."

The deal follows Tall  also buying the customer list, job files and artwork of De La Rue's special cheque printing operation in Peterborough this spring, and Aspen Preprint's in the summer.

"We have had some great opportunities this year, where strong competitors have withdrawn from the [specialist cheque printing] market," said Ruda. "And we're very pleased to build on the platform that we have here."