WM Printing in liquidation; KJB lives on
Tuesday, November 26, 2019
KJB Print’s brochure division WM Printing Solutions has been placed into liquidation, while Printweek understands that its parent company has been bought out of administration.
Administrators were appointed to Cannock-based KJB and its wide-format arm Creative Digital Printing Solutions on 28 October, but until now the fate of its brochure division WM Printing Solutions has been unclear.
A notice on London Gazette now shows joint liquidators Anthony Milnes and Martin Maloney from Leonard Curtis were appointed on 13 November and the company was voluntarily wound up on the same date. Printweek understands the business had ceased trading in early October.
KJB added the 11-staff, Walsall-based business to its growing operation last summer when it bought the assets of the then named WM Print after it had been liquidated by its former owners.
The acquisition in 2018 turned KJB, which was established in 1989, into a three-site, 46-staff operation following its purchase of Shrewsbury-based wide format firm Creative Digital Printing Solutions out of administration in 2017.
It is understood that KJB and Creative have continued to trade through the administration period and according to a source close to the business have been acquired out of administration by a new firm called Promising Print.
According to Companies House the business was incorporated on 8 November 2019 under the sole directorship of Andrew Studley, and is trading under the names KJB Lytho and CDP Digital.
Studley is also the registered director of Prints-It Ltd, incorporated on 15 July 2019, and Symposium Print, incorporated on 5 March 2018 at the same address.
A former company, Symposium Design & Print, was registered under Studley's name in January 2010 but fell into administration in March this year and was dissloved in September. It's assets were acquired by Symposium Print.
When contacted, Studley said he was not willing to make a statement to Printweek, regarding newco Promising Print, at the current time.
And likewise, KJB commercial director Stephen Egerton said he was unable to comment at the the time of writing, but that an update would be given in the coming week.