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.

20111013

Midas Press in administration ...again!

13th October 2011 - Reported by Printweek
By 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.