Will Customers still use Midas?

29th January 2010 Some people have e-mailed me to ask if they should still put work into Midas Press? My advice is to look at the facts:

1. They have just taken their suppliers (except the favoured few who they have kept sweet) for a big loss.
2. They are (or will be very soon) in administration.
3. The debts are factored so who would you be paying, the company or the factoring company.
4. What would you print on? Paper suppliers won't be wanting to supply if they have taken a big loss.

Look at the facts and you decide!

Printweek investigates!

28th January 2010 - Today, I had an e-mail from a journalist at Printweek magazine called Helena Morris (sorry I didn't get back to you) asking if I could shed any more light on the Midas Press situation - to be honest it's you who ought to be doing the digging!

Speak to Alison Gates at Middleton Partners and find out what's been going on in court this week and ask about the new phoenix company (sorry, I mean management buyout) scheduled for next week.

if any body feels they want to comment her e-mail address is helen.morris@haymarket.com

Derek Jarmans Birthday - coming soon

28th January 2010 - It's Dereks birthday next Saturday on 6th February. Happy 64th Birthday. If any employee, customer or supplier wants to wish him happy birthday you could send a card to Derek Jarman, Pepys Barn, Blounce, South Warnborough, Hook, Hampshire RG29 1RX.

No news on the Midas Press website!

28th January 2010 - funnily enough there isn't any news on the company website about the companies status and whether it's trading insolvently! - have a look: http://www.midaspress.co.uk/

incorrect postcode for daren's house...

27th January 2010 - I've just been told that the postcode for Daren's house is wrong, it should be GU51 4JW. This will help if you want to pay him a visit and want to pop it into your satnav so it can take you straight there!
PS if you look on google maps, you'll see he has a lovely big trampoline in his exctensive back garden.

Established 1969, gone bust in 2010!

27th January 2010 - Established in 1969, gone bust in 2010!
Unfortunately our proud boast was 40 years of service ...none of us realised that when this line was written that 41 years was going to be the total time that we were in existence! ...nice one Derek!

Midas owes Southern Paper £580,000!

25th January 2010 - Southern Paper is a paper merchant which have been a supplier of Midas Press for many many years. They are also known as Paperco. They have just announced that Midas Press owes them £580,000 - talk about a bankers bonus!

Chris Stockley is the Group Finance Director of The Paper Company and he probably has a few questions to answer to the board of Paperco!

If there are any other trade suppliers who would like to comment on this or make their losses known, please get in touch.