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A policy for pre-packs and phoenix companies is vital

It's not unusual for print companies to make contact with paper merchants for supplying phoenix companies and sometimes try and exert pressure not to supply them. However, the NAPM advises all members to have a policy concerning phoenix and pre-pack companies, because bad debt and the risk of bad debt remains the main concern for our members. Some NAPM members have more subjective policies than others who may well have decided not to supply any phoenix or pre-pack company.

Employees' rights are secure but pre-packs will continue

The Employment Appeal Tribunal (EAT) has determined that the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) do apply to businesses bought out of administration. This includes the pre-pack administrations that have become the vogue in the last five years or so. Employees will now have the right to transfer to the new business and not be cast aside.

Magic money tree has propped us up, but it is due to be felled soon

Back in September, a consortium of printing industry trade bodies gloomily wrote to the chancellor Rishi Sunak warning him that 3,000 print business would be at risk of sinking without a trace if lockdown restrictions weren’t eased and the industry didn’t receive some form of targeted relief.

How. Can. It. Be. Christmas?

Where did 2017 go? Looking through our review of the year, it most definitely happened – and while it might not have been a vintage year for print, it was certainly an eventful one.

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