Former Sunline Direct Mail buildings up for sale

By Richard Stuart-Turner, Tuesday 20 November 2018

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The three buildings previously leased by Sunline Direct Mail are up for sale.

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Sunline leased the buildings in Loughborough. Image: Google Maps

The units comprise the Loughborough-based company’s former warehouse, factory and office space and are being marketed for sale through Mather Jamie.

The largest site, in Cotton Way, is on the market for £1.9m and comprises 2,700sqm space while the other two buildings, which can be accessed from Weldon Road, are 1,480sqm and 790sqm in size and are up for sale for £1.15m and £650,000 respectively.

Mather Jamie director Alex Reid said his business had already been discussing a sale of the buildings with the landlord when Sunline went into administration.

He told PrintWeek: “There are three buildings that can be occupied individually so we have several options. There is good power supply to one of the buildings and a very good height of 10m on one, so a great deal of flexibility. I can see factory and warehouse users taking space.

“We have had lots of interest and are discussing the buildings with a number of potential purchasers.”

Sunline Direct Mail entered administration in late June after no buyer emerged during an accelerated marketing process that had taken place after the business had filed a notice of intention to appoint an administratorIts 108 staff were made redundant.

The company attributed its failure to factors including the general decline in the UK letters industry, competitive industry pricing leading to a loss of some clients at the end of last year, and a fall-off in demand due to the introduction of GDPR. The plastics backlash following the broadcast of Blue Planet II also impacted the business.

Sunline recorded sales of £6.7m for the year ended 31 December 2017, a decline of almost 16% on the prior year. It made a pre-tax loss of £142,000 in the period and its net liabilities were nearly £2.6m.

The company’s creditors were owed a total of £2.49m according to the report by administrators Simon Thomas and Nicholas O'Reilly of Moorfields Advisory.

Its assets, which included Sitma polywrapping lines and paper enclosing lines, Canon Océ continuous feed printers and various mono cutsheet printers, guillotines and folders, were sold via Hilco in July.

Sunline was established in 1978 as a contract packaging company. With services including mailing and polywrapping, data management, paper envelope enclosing, pick and pack, response handling and fulfilment services for the e-commerce sector, the business worked for clients including JD Williams, Boden, Jacamo and Nauticalia.

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