13th October 2011 - Reported by PrintweekBy Adam HookerWednesday, 12 October 2011
Farnborough printer The Midas Press has gone into administration and is understood to have closed its doors. PrintWeek has received a number of calls from staff claiming that they were made redundant in a meeting at 1pm this afternoon.
When PrintWeek contacted the company yesterday, an employee said that the businesses was still trading, however the phone has not been answered today.
According to Midas Press's website, Anthony Spicer and Henry Shinners of Smith and Williamson were appointed administrators today (12 October).
The administrators were not available for comment at the time of writing.
Midas Press's closure brings to an end a difficult two years for the business, which went into administration in January 2010 and was sold to a management team.
In September last year it was reported that the company merged with Southampton printer LPC Print. However, LPC managing director Nicholas Lee resigned as a director of Midas Press in March and when contacted by PrintWeek he said that he has "not been involved with Midas for eight months now".
...there are at least 18 comments on the blog post:
http://www.printweek.com/bulletin/printweekdailybulletin/article/1098388/midas-press-administration/
Thanks to all those who've e-mailed me with comments (most of them un-repeatable). To answer one question, I won't be changing the name of this blog to Midas Press goes bust again!!
In all serioussness, it is a great shame for the employees (not necessarily the bosses) that have lost there jobs at Midas and I hope they can find other jobs soon.
