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.

20100412

Portugal, here we come.

9th April 2010 - Just noticed that there's a new comment on the Report from Creditors meeting post from 6th April:

Anonymous said...
Derek Jarmen has already sold his house probably heading off to portugal for a long stay in his wife's villa!!!!!

20100408

Keep clicking on this blog

8th April 2010 - When the term "Midas Press" is typed into Google, the drop down menu gives the following result figures:

Midas Press 3,600,000
Midas Press Administration 688,000
Midas Press plc 103,000
Midas Press goes bust 443,000
Midas press partnership 288,000
midas press liquidation 21,200
the midas press plc 10,200

It goes to show how much interest and how many clicks to this blog for it to be so highly ranked. Thank you -Auric

20100407

Creditors List - Page 8

7th April 2010 - Midas Press Partnership Creditors list

Page 8 - [This is the big one. Have a look at Inland Revenue]

Inland Revenue, Worthing BN12 4SE £249,053.25
IQ Laserpress Limited, Guildford GU1 4UG £8,600.47
J&B Design, Farnham GU9 7LF £500.00
JGC, Farnborough GU14 9SH £2,357.92
JH Hillyer & Son, Fleet GU13 9RZ £196.65
JVS Protective Clothing, Reading RG7 1DG £1,076.50
JW Ryder & Son Ltd, Camberley, GU15 1HB £28,449.87
Jewson Limited, Glasgow G51 3LH £5.16
John Dollin Printing Services Limited, Whitchurch RG28 7BB £3,550.65
Karren May, Cowes PO31 7SL £402.50
Keen Electrics, Church Crookham GU52 8BF £113.56
Kidd Rapinett, Maidenhead SL6 1NB £2,674.50

[Midas Press Partnership, Farnborough GU14 0NZ]

20100406

Report on Creditors meeting

6th April 2010 - Further to my request for information about the Midas Press creditors meeting on 24th March 2010, I've had the following comment posted on the blog. It looks fairly self explanatory and probably means that neither will have to get the removal men in soon.

Extract from BDO's report of creditors meeting
"Mrs Gates (of BDO) did then confirm to the meeting that both Mr Jarman & Mr Carter had recently been made Bankrupt on the presentation of their own petitions and that she understood that both had transferred interests in property to their spouses before Bankruptcy Orders had been made - in the case of Mr Jarman, it is understood that the transfer of property took place approximately eighteen months previously. and, in the case of Mr Carter, some seven years previously"


Any other information about the meeting or the sale of Midas Press to Midas Press PLC gratefully received.

Midas Press, Farnborough, Hampshire GU14 0NZ - creditors meeting.


Holiday Inn, Farnborough

Creditor List - Page 9

5th April 2010 -

Page 9

Kinyo UK Ltd, Leeds LS10 £284.40
Kwik-Fit Holdings PLC, Edinburgh EH12 6DD £704.04
Lane Packaging Ltd, reading RG5 4SA £230.29
Lemon Media Ltd, Weston Super Mare BS23 3UU £541.65
Leslie A Ward & Partners, London SW15 1TA £235.75

Continued

Creditor List - Page 9 Continued

4th April 2010 - Easter Day

Page 9 continued

Locators Ltd, Wimborne BH21 6SU £434.43
Lucy's Lunchbox, Farnham GU9 7NJ £92.57
Mac Container Company, Epping £288.78
Macfarlane Merchanting Ltd, London £142.31
Macuser Subcriptions, Sittinbourne ME9 8GU £76.99
Magnet Landlord £21,729.00

20100401

New Midas Website appears

1st April 2010 - April Fools Day

The new Midas Press PLC website is up an running (no April Fool here). There is a snazzy new logo. It proudly refers to the companies 40 year history but makes no mention of the difficult times in 2010 - no mention at all in fact.
http://www.midaspress.co.uk/
It's good to see that the new Midas Press PLC, Farnborough, GU14 ONZ are now NOT saying that they have FSC accreditation (the old Midas Press did have certification). This maybe down to my contacting FSC about this or it could have something to do with the fact that Midas Press (the partnership) owed SGS UK Ltd, Cheshire CH56 3EN £4,256.82 and they were the company dealing with the old Midas Press FSC certification. So they were left with quite a large financial loss.

The Midas Press PLC, Farnborough, Hampshire GU14 0NZ