Begbies Traynor Group

Somerset print business inks administration sale deal

Date Published: 15/02/2024

A Somerset printing firm which had experienced challenging trading conditions following the pandemic has been sold out of administration, saving 16 jobs.

Julie Palmer and Andrew Hook, partners at Begbies Traynor in Salisbury, were appointed as joint administrators to Wincanton Digital Print Ltd, overseeing a prepackaged sale to Wincanton Creative Print Ltd, part of the Remous Group Ltd, on 31st January 2024.

Wincanton Digital Print Ltd began life more than 40 years ago as a litho-printing concern and had previously entered administration after being forced to cease operations due to government pandemic restrictions in 2020.

A rescue package at the time enabled the business to relaunch operations with the support of creditors. However, a more recent downturn in sales, combined with the impact of rising interest rates on its debt, saw the directors seek insolvency advice. 

Commenting on the case, Andrew Hook, partner and joint administrator, said: “Although this business has encountered a series of financial challenges since the pandemic, it is clear that it has the ability to trade profitably with new backing.

“Through a prepackaged sale, we have been able to allow the business to escape the burden of historic debts while maximising the value for creditors. We’re confident that the firm is now on a strong footing from which to grow.”

Alan Bunter, managing director at Remous, commented: “Wincanton Print has been a brand synonymous with print in the South West for over 40 years, but the landscape has changed since Covid and we are seeing consolidation throughout the industry.

“I am pleased we have been able to save the jobs of the skilled team and bring them into the Remous Group of companies, they have a great reputation in commercial and wide format print with quick turnaround times.

“This compliments our other production facility in Sherborne, with the changes we are making we expect to see it flourish for years to come.” 

Andrew Hook added that the business’ decision to seek advice early had enabled the rescue deal.

About The Author

Meet the Team

Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor. Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.

Contact Begbies Traynor Group

Reason for Contact
Key Contact

You're in Safe Hands

  • 35+ Years Experience
  • 100+ UK Offices
  • Confidential Director Support
  • Insolvency Market Leader

News Archive