Scots PM firm hits buffers


A Scottish print management firm has entered insolvency proceedings with print suppliers likely to be left out of pocket as a result.

More Print Management worked with UK and overseas suppliers
More Print Management worked with UK and overseas suppliers

Image: More PM, Facebook

Glasgow-based Print Squared, which traded as More Print Management, has had a provisional liquidator appointed by Glasgow Sheriff Court.

Blair Nimmo and Alistair McAlinden of KPMG have been appointed as joint provisional liquidators at the company.

Print Squared director Kevin McGechie was also the majority shareholder in the business, which was established in 2004.

Printweek was unable to reach McGechie for comment at the time of writing.

On its Facebook page the company states: “We have assembled a network of UK and international partners who have been vetted and audited and who understand the precision and quality that our clients have come to expect.”

The firm filed abbreviated accounts and its last filing, for the year to 31 March 2019, shows creditors of more than £2m and shareholders’ funds of £234,626.

It had £164 in cash at hand at the balance sheet date.

The Royal Bank of Scotland holds a charge over the firm’s property on Eagle Street.

Printweek understands that More’s customers had included the Travis Perkins Group and pubs and restaurants business G1 Group.

The More website has been taken down for ‘maintenance’.

 

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