The Midas Press goes bust blog...

I have set up this blog so that past customers, users, employees and suppliers and local people of Farnborough can post their reactions and disapointment about Midas Press going bust.

It maybe that there are other employees with grievances against the owners - Partners Derek Jarman, Daren Carter and the very junior and jumped up partner Steve Oliver. 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 whilst (possibly) the partners have been paying themselves! Anyway, feel free to comment - this is an open forum and all opinions are welcome - although please bear in mind that we don't want anything defamatory or libellous said.

We are particularly looking forward to comments from the partners themselves.

20100501

Payments Due

1st May 2010 - This is an interesting article about whether new owners at Celinco have met there obligations or not: http://www.printweek.com/business/news/998918/Piggott-Black-Bear-buyer-Celinco-defaults-terms-purchase/

Coincidentally, under the terms of the new Midas Press PLC agreement ("SPA") to buy the company (for the total fee of £167,505) the first deferred payment of £45,252.50 was due for payment on 29th April 2010. Does anybody know if this payment has been made?

If not, there could be a Celinco style situation as in the Printweek article above.
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