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.

20100329

Creditor List - Page 14

16th March 2010 -

Page 14

SGS UK, Cheshire CH65 3EN £4256.82
Sharpline Solutions, Aldermaston RG7 8NN £74.75
Shine Creative, Hartley Witney RG27 8NY £230.00
Skyline Bookbinders, Dorking RH4 3HG £461.00
Sounds Wholesale, Burton on Trent, DE14 3SE £DE14 3SE £198.00
Southern Paper Group - The Paper Company, Ipswich IP3 9RR £97,734.35
Southview Indexing, London SE6 3BX £323.50
Spinks, London N17 9NF £356.50
Stehlin Hostag Ink, Nottingham NG2 1NA £2,055.12
Stribbons, Wellingborough NN8 4NL £127.54
Surrey Envelopes, London SW19 3BL £3,737.50

Continued

Creditor List - Page 15

15th March 2010 -

Page 15

Swemko, Bristol BS4 5QH £290.40
Synergie, Farnham RG24 8QW £903.26
Tanner & Taylor, Farnham GU9 7PT £1,482.21
Tapes UK Ltd, Bristol BS5 0SP £350.35
Tech ni Fold, Whetstone LE8 6EU £1,146.55
Test Valley Packaging, Salisbury SP2 7UD £10,347.89
The Early Press Limited, London W3 0RQ £1,116.65
The Pallet Company, Southall UB2 5XR £400.00
The PD Group, Warnborough RG29 1RT £3,748.95
The Plough Garage, Farnham GU10 5RP £129.25
The Scholing Press, Southampton SO19 9AQ £241.50

Continued...

Creditor List - Page 16

11th March 2010 -

Page 16

Thoroughshred Ltd, London SE7 8ND £1,573.41
Tower Press Limited, South Warnborough, RG29 1RT £7,837.35
TRESU Group, M11 2DT £575.00
Trilogy Lasercraft, Huntingdon PE29 6DG £324.30
Ultrachem, London N20 9UL £5,027.64
Vantis Group Limited, London W1A 3RT £16, 836.00
VDP Direct Ltd, Aldershot GU12 4DL £21,080.09
Veolia ES Onyx Ltd, Walsall WS8 7BB £4,090.24
Vision Paper, Maidstone ME20 7NA £3,000.00
Warren Board, Glenfield LE3 8XX £1,403.79

Continued...

Creditor List - Page 17

10th March 2010 - Here in reverse order is the Creditor List:

Page 17

Web of Knowledge, Waterlooville PO8 0JH £138.00
Web Forces, Weston Super Mare Basingstole RG24 9PU £1,333.00
West Country Binders Ltd, Weston Super Mare BS24 9BG £13,848.83
Wilson Electrical Distributors, Aldershot GU12 4RG £156.48
Winter & Co, Huntingdon PE29 6ED £10,626.93
Wipe It, Aldershot GU12 4DN £316.71
Wood in Hampshire, Odiham RG29 1HW £4,238.90

Total AMOUNT owed: £2,301,872.65

Notice of Creditors Meeting & Proposal for a Partnership Voluntary Arrangement

9th March 2010 - Today I've received a copy of the notice of the creditors meeting from a friend - thanks Deidre - much appreciated.

The meeting is scheduled to be on Wednesday 24th March (unfortunately I can't be there as i'm away in Switzerland smelting my golden Rolls Royce)

There is also the paperwork showing that they are proposing a "Partnership Voluntary Arrangement".

There is also the Creditor listing which runs over seventeen pages. It will take too long to put the whole thing on one post so I will try and do a page a day and I will start at the end which has the total - a massive £2,301,872.65 owing, including the poor milkman (Dairy Crest) who was owed £1,220.40

20100305

New Midas logo?

4th March 2010 - Thank you to the anonymous contributor who says they are a former customer of the Midas Press (partnership) and that they work in advertising. They have pointed out that they are probably developing a NEW Midas Press PLC logo to go with the new website.

His (or her) suggestion is using a Golden colour to reflect the Midas name together with a large M - and they sent me a visual to put on the blog as a suggestion - something like the picture opposite they suggest - familiar?

20100302

Sunday Times recognises Black Sun PLC

2nd March 2010 - In this weekend's Sunday Times there was a supplement called "100 Best Small Companies to Work For". Number 58 in this prestigious listing is Black Sun PLC a communications agency based in London. Pictured in the article were some smiley people from Black Sun enjoying a party.


Black Sun used to use Midas Press as a printer and with a simple internet search I found that Midas had printed work for Black Sun including theHays Group Reports and Accounts, Punch tavern Report and Black Suns own rather lavish brochure for their move to a bishops palace in Fulham in 2008.

I am writing to Mr Paul Edison (pictured) to ask whether he will supporting the new Midas Press PLC or whether the excellent treatement of his staff which has been recognised by the Sunday Times extends to that of his suppliers creditors and their employees. We all look forward to his reply.