Reviewed: 14th September 2015
Persistent manufacturing problems have helped force the printing company Berforts Information Press (BIP) into administration in recent days.
Berforts, which has an annual turnover level of around £7 million, had to call in administrators after it became clear that its manufacturing troubles would not be overcome in time to make a difference.
“We had some serious litho manufacturing problems at the [BIP] site, in relation to the failure of certain plant, which we had been battling with for the past five or six months, and it got to the stage where we couldn’t go on as the site couldn’t deliver on time,” explained BIP’s chief executive Gerald White.
“So I had to make the difficult decision to call it a day as it was clear that we weren’t going to get these problems fixed in reasonable time.”
According to PrintWeek, BIP appointed administrators on September 7th, with 70 employees across two different locations likely to lose their jobs as a result.
However, it’s been reported that a related but separate business, which focuses on digital rather than print operations, is unaffected by the issues at BIP.
Berforts has been among the few remaining dedicated colour book printers operating in the UK, with its business based largely on the capacity of its two printing facilities in Stevenage and in Eynsham in Oxfordshire.
BIP’s chief executive has said that he expects to see the business wound down by administrators over the course of coming months and made clear that he has no intention of buying the business out of administration himself.
“If a buyer were to come forward and want to take the business and assets to another site that could work, but my feeling is that is unlikely,” he said.
BIP staff are continuing to operate for now at the company’s two sites in order to complete work in progress. It is apparently unclear though whether all the company’s creditors will be paid in full once all work has been completed and all assets have been sold.
“I’m by far the biggest creditor and the business will continue its work in progress with a view to paying off its debts before closing,” White explained.
We have an extensive network of 75 offices offering confidential director support across the UK.
17th April 2019
HMRC applied to see more than 4,000 UK companies closed down over the course of 2018 and is being too aggressive in its pursuit of tax-related debts.Read More
12th April 2019
British high streets saw the sharpest rate of net store closures on record over the course of last year, according to a new set of figures.Read More