Wyndeham Press has moved to calm clients and suppliers following the collapse of one of its Icelandic shareholders.

That's interesting. I'm looking at FL Group's 2007 accounts now and it lists its Wyndeham investment as 49%. Seems to me the way these interlinked Icelandic investment houses and banks swap stuff around is a bit like an elaborate game of pass the parcel... what happens when the music stops?

I have been saying for a long time that Iceland was in danger of having to go to the IMF. Icelands debt is larger than its GDP. Landsbanki has just lost £200m+ on XL travel and its chairman is also the West Ham United chairman and we can all see what is happening at Upton Park. The chickens are coming home to roost. The UK has a trillion pound credit card debt, at 29% interest rate how on earth is it ever going to be repaid??

[removed on request of author]

Think on the positive side and make sure the business what ever it is, manages the `change` with inspiration, innovation, investment and involvement of time. Business and general life is about dialogue that we `all` understand and respond to. So make the playing field is equal, so all people understand the language used and the action to take, to receive and accept, so business life and general life is successful for `all` involved. Yes, you can achieve all things in life by your attitude to be positive, you have the solution in you, so go forward and use it now! Colin Thompson Cavendish www.cavendish-mr.org.uk

I couldn't help but follow Daniel's suggestion and take a look at the Company Report. At first I nearly choked on my latte! It looked like a £2.2M loss! On second reading I realised it was actually a ISK2.2M loss - £12,000. That said, a loss of £12,000 on revenues of £62M seems a tad unfortunate. I wonder how much the print site is worth. Hope the mortgage isn't with Bank of Iceland!

I'm sure that the UK Print & Publishing industry will shed no tears on hearing the news of Wyndenhams imminent demise.. The time has come for this particular dinosaur to become extinct!

I for one will shed a tear the devastation of the web offset sector absolutely breaks my heart and fills me with dread for the future. It is bad enough having to hear the horror stories from former colleagues without reading someone egging on more of the same

[removed on request of author]

I'm very sorry for what is going on there. From being a sleepy, old-fashioned high-quality web house, Paul Utting came up with a brave concept -in some ways the same as St Ives is much more successfully executing now -of capturing the front end and then offering many outputs to the client. Where the difference is that they ha the St Ives vision with the finances of Polestar and i is this that un-ravelled the strategy. Boring old St Ives kept its powder dry & cash in the bank, & now how sage-like does that look. Wyndham do not deserve to be here but being put into play by the vagaries of the financial markets and the awful state of the magazine market means that something will happen and fast if it is not to close. Right strategy and people; wrong timing and financing. They are not masters of their own destiny now and so any call for calm as all will be OK is more a hope than a statement. Sadly. Simon Biltcliffe MD WEBMART www.webmartUK.com

David Ward - I seem to remember this particular dinosaur getting rid of you a few years back!

Thanks daniel, I have no personal interest other than objecting to David Ward taking obvious glee in yet another web printer hitting stormy seas. Talking of which "At least Polestar seem to have regained their strength under Barry Hibberts control, swift, decisive and beneath the shiny exterior he does indeed possess something rare - management skills......." interesting point of view

Good discussion thus far, some glorious points of view and some strong critiques of a once wonderous company. I must say that in response to the mighty wind, I have had the pleasure to meet with Mr. Hibbert on occasions - normally at award ceremonies where he is justly receiving accolades for his forward thinking and positive input into the trade, and i must say, he came across as a very strong minded determined and authoritive gent, my summation of his abilities has been decided though on the fact that he has - over the last five years or so managed to breathe life back into a company that was fast losing credibility - he negotiated some superb re-financing packages and the ship is now sailing well along on clear waters. [removed on request of author]

Daniel, Polestar are not winning the race, no one is. Take some time and have a look at the report and accounts from as many UK web offset companies as you can find. Add the results together, and you will be shocked. Polestar, the race leaders, should be particularly interesting to you. Something needs to happen to save the web offset industry in the UK, and I fear that consolidation and rationalisation are the only way forward. Ask yourself how many web companies have closed in the last 10 years. 2 have closed this year alone, and given recent news and the current financial climate they will not be last. I am sure some of you on this thread have some ideas, and I for one, am all ears, but please keep it real!

[removed on request of author]