Print Week

BemroseBooth could be on the verge of administration after it filed a notice of intent to appoint an administrator at the High Court of Justice.

The theory is finally proved. I shed not one tear. If you sell pound notes for 70 pence your existence is determined by how much money you started with or how much others have lent you or a combination of both. More cash out less in = bust. Unfortunately, it won't be the end of it because in various shapes and forms it will reappear, whereas if it all disappeared the market would benefit and we could all charge a little bit more...................................and if all the undersellers went one by one, we would eventually get stability and possibly even profit. We can dream.

[edit]

What does your comment mean, do you think Bemrose Booth will continue to trade under a new name I don't understand ??

[edit]

I run a small company \(TO 1.6m) that competes with BemroseBooth.If they prepack and one of my paper merchants supplies the new company the I will not buy another sheet from them.Survival of the fittest , not survival of those who lack morals and have the cleverest accountants.Pre packs DO NOT save jobs...they destroy them

If such a scenario was pre-planned, does that amount to fraud? 

Seems like a lot of people who seem to be in the know on this one, are you some sort of disgruntled ex-employee or something, you seem to have a lot of info on what the numbers are and what they are exactly up to?

Blimey, somebody used the F-word. It would be interesting if somebody checked out the relationship between David Rubin and Partners, Jean Paul Ansell and AIAC, wouldn't it?

[comment removed]

I wish the bastards were so clever, these idots in charge have no idea the MD and CEO what a bunch bit they don't care on there 250, 000 a year salaries.

The pre pack wheels do indeed appear to be turning. When's pay day, next week?

Has anyone seen been approached to buy parts or all of it by the IP? Has anyone seen any adverts or commincation to do with the assets? (I guess havn't probably due to the sensitive position of the business and in the interests of the workforceand the need for a quick sale).

I finks the court has been used to protect the company and call off the dogs. Have there been any winding up petitions put in? Which bit of Bembrose is worth the money?

Edward Symmonds have valued the kit, they'll be planning a cursory advert on their website. Problem for Bemrose and David Rubin is that it's all out in the open already. I'll be asking for a look at the books and I'm sure everybody else will too.

When asked the question.... Jean Paul will we get paid this month? the response was "Sorry I do not understand the question"! I am really surprised that no other names have been mentioned in this thread..... I am sure Jean Paul could not have engineered all of this on his own! He has a right hand man in Simon Jones and a left hand man in Rob Burgin. [edited]

They have to comply with SIP16.   Maybe a note to R3 is in order?  And the Insolvency Service, giving them the heads up?

Anyone who is likely to take a major hit from this should consider immediately applying to the court to appoint an independent Administrator, especially if you are saying there is a connection between the proposed Admin and the existing company's directors.

If you need help, contact this guy (Stephen Hunt): http://community.printweek.com/members/2695674.aspx

He is something of an expert on preventing questionable pre-packs. He left some comments on another thread about a pre-pack, but otherwise he has nohing to do with printing, I think.