Will Customers still use Midas?

29th January 2010 Some people have e-mailed me to ask if they should still put work into Midas Press? My advice is to look at the facts:

1. They have just taken their suppliers (except the favoured few who they have kept sweet) for a big loss.
2. They are (or will be very soon) in administration.
3. The debts are factored so who would you be paying, the company or the factoring company.
4. What would you print on? Paper suppliers won't be wanting to supply if they have taken a big loss.

Look at the facts and you decide!

Printweek investigates!

28th January 2010 - Today, I had an e-mail from a journalist at Printweek magazine called Helena Morris (sorry I didn't get back to you) asking if I could shed any more light on the Midas Press situation - to be honest it's you who ought to be doing the digging!

Speak to Alison Gates at Middleton Partners and find out what's been going on in court this week and ask about the new phoenix company (sorry, I mean management buyout) scheduled for next week.

if any body feels they want to comment her e-mail address is helen.morris@haymarket.com

Derek Jarmans Birthday - coming soon

28th January 2010 - It's Dereks birthday next Saturday on 6th February. Happy 64th Birthday. If any employee, customer or supplier wants to wish him happy birthday you could send a card to Derek Jarman, Pepys Barn, Blounce, South Warnborough, Hook, Hampshire RG29 1RX.

No news on the Midas Press website!

28th January 2010 - funnily enough there isn't any news on the company website about the companies status and whether it's trading insolvently! - have a look: http://www.midaspress.co.uk/

incorrect postcode for daren's house...

27th January 2010 - I've just been told that the postcode for Daren's house is wrong, it should be GU51 4JW. This will help if you want to pay him a visit and want to pop it into your satnav so it can take you straight there!
PS if you look on google maps, you'll see he has a lovely big trampoline in his exctensive back garden.

Established 1969, gone bust in 2010!

27th January 2010 - Established in 1969, gone bust in 2010!
Unfortunately our proud boast was 40 years of service ...none of us realised that when this line was written that 41 years was going to be the total time that we were in existence! ...nice one Derek!

Midas owes Southern Paper £580,000!

25th January 2010 - Southern Paper is a paper merchant which have been a supplier of Midas Press for many many years. They are also known as Paperco. They have just announced that Midas Press owes them £580,000 - talk about a bankers bonus!

Chris Stockley is the Group Finance Director of The Paper Company and he probably has a few questions to answer to the board of Paperco!

If there are any other trade suppliers who would like to comment on this or make their losses known, please get in touch.

Daren Carter's Home address!

25th January 2010 - As a result of publishing Derek's address, I've now been sent Daren's home address in case you wanted to pop round for a chat - or to see how many cars there are in the driveway!

Daren Carter
Fitzroy House
Fitzroy Road
Fleet
Hampshire
GU13 8JW

Feedback!

25th January 2010 - I'd really love to get some more comments and feedback from people, please just press the comments button on this blog and you'll get straight to me!
Thanks
Auric

Derek Jarman's Home Address!

25th January 2010 - I've just been sent an e-mail by another interested party with Derek Jarman's home address on which you may be interested in if you are a binder or print finisher and wanted to pop round and ask why your invoices are still outstanding! Derek might even make you a cup of tea!

Mr Derek Jarman
Pepys barn
Blounce
South Warnborough
Hook
Hampshire
RG29 1RX

The Partners mobile phone numbers:

25th January 2010 - If anyone needs to speak to Daren Carter about employment issues, late payment or the proposed phoenix business (or management buyout as they like to call it these days!) please call him on: 07836 766155


or you could e-mail him: darenc@midaspress.co.uk

or you could speak to Derek Jarman's mobile number is 07799 885293

Welcome to the blog

25th January 2010 - Welcome to this new blog which I intend to be a forum for debate about the goings on at the ill-fated Midas Press in Hampshire.

I have set up this blog so that employees and ex employees, customers past and present - including those that have currently got print work in the factory and can't get it out! ...and suppliers and local people of Farnborough can post their reactions and disapointment about Midas Press going bust.

It maybe that there are employees with grievances against the owners - Partners Derek Jarman, Daren Carter and junior partner Steve Oliver and the Financial controller Richard Sharman.

It may also be that you are one of our past and very prestigious customers that we used to do work for? ...it may be that you are a supplier who Midas Press hasn't paid for months and months (possibly whilst the partners have been paying themselves!) Anyway, feel free to comment. This is an open blog and I'd love to get some feedback and reaction from Daren Carter, Ricahrd Sharman, Derek Jarman or even the maladjusted Steve Oliver.

Best wishes

Auric Goldfinger

Midas Press appoints an insolvency practitioner...

22nd January 2010 - The Midas Press based in Farnborough Hampshire has officially hit the buffers.

They are working with an insolvency practice called Middleton Partners who they are intending to appoint as an "administrator" for the business. Their details are as follows:

Ms. Alison Gates
Middleton Partners
65 St. Edmunds Church Street
Salisbury
Wiltshire
SP1 1EF
Telephone: 01722 435190
Fax: 01722 421102

It will be interesting to see if the business is sold to the very people that have been running it!