Good news, June’s listicle topped by good news
Monday, July 4, 2022
For the fourth time in a row, our monthly round-up of the most read stories was topped by the unravelling of YM Group. However, at least this time it was a positive outcome regarding the change in ownership at Lettershop that narrowly took centre stage as a glimmer of good news.
1 Paragon buys Lettershop 5,347 clicks
Paragon Group has completed its acquisition of The Lettershop Group following a protracted process due to recent events at parent YM Group.
2 YM Group in administration 5,290 clicks
YM Group has gone into administration, marking an ignominious end for a business that at one time had lofty ambitions to dominate the UK web offset market.
3 Deja vu as YM accounts overdue 4,279 clicks
YM Group’s accounts are, once again, flagged as overdue at Companies House.
4 Newspaper print plant to close 3,793 clicks
DMG Media is to close one of its newspaper printing sites, with significant job losses anticipated, after acquiring the plant less than two years ago.
5 Offer for buildings results in Nationwide Print closure 3,655 clicks
Nationwide Print will be shut down in an orderly fashion next month, after owner Julian Hocking received “an offer he couldn’t refuse” for the Cornish company’s buildings.
6 Print businesses sold in pre-pack deals 3,356 clicks
The pandemic fall out continues to impact the industry as two more print businesses hit the buffers and pre-pack to survive.
7 WirralCo in liquidation 3,191 clicks
Merseyside trade printer WirralCo has gone into liquidation and shut its doors after becoming the latest victim of the pandemic.
8 Major blaze at Smurfit Kappa site 2,864 clicks
110 firefighters and more than 30 fire appliances have been tackling a “large-scale incident” at Smurfit Kappa’s site in Nechells, Birmingham.
9 Creditors owed millions by failed YM firms 2,603 clicks
YM Group owed Pricoa £51m when its three web offset businesses collapsed into administration in March, and while YM’s directors are yet to provide a statement of affairs the initial estimates from administrators at FRP Advisory state that unsecured creditors – including huge inter-company sums – are owed more than £61m.
10 Hatch Print trading situation unclear 2,075 clicks
The UK’s first official vegan print business, Hatch Print, is in liquidation according to Companies House, although a new business is trading under the same name with website and contact details unchanged.