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.

20100226

Daren Carter - at the new Midas Press PLC?

26th February 2010 - Just noticed a comment left on the "New management team" piece[16th February] and someone has left a comment as follows:
"...So Daren Carter is NOT involved? Yeah righto!"

I take it from this that he is still involved - anyone know any different? -or if anyone wants, they can always pop in and say hi to Daren and ask him yourself at his home address:

Daren Carter, Fitzroy House, Fitzroy Road, Fleet, Hampshire GU51 4JW

20100225

Midas loses sales consultant

25th February 2010 - Midas is in the press again! Ex Midas Press sales consultant David Crompton has joined Pureprint. Printweek reported it as "David Crompton joined the company in January from recently failed Farnborough printer Midas Press".

Did many others leave the sinking ship?
http://www.printweek.com/

Is FSC and PEFC certification a hoax?

24th January 2010 - I've received an e-mail from an interested party as a follow up about Midas Press having ISO accreditations (http://midaspressgoesbust.blogspot.com/2010/02/iso-accreditations.html)

The e-mailer says that "although Midas didn't have ISO certificates they did have FSC and PEFC certification and I've noticed that they show that they have certification on the new Midas Press PLC website - this just cannot be true. They must be using the old Midas Press certificates and if they are, they are being dishonest"
Good point, I will send an e-mail off to FSC and PEFC and see if I get a response.

Dave blames the snow

23rd February 2010 - Printweek has just reported Paperlinx posting an £81m pre-tax loss for first six months of their financial year!

Dave Allen (pictured) who is vice president UK, Ireland, Spain and South Africa, said: "The bad weather had an impact across the whole paper market and, as a significant player in this, Paperlinx merchants were of course affected."
Funnily enough he didn't mention anything about the bad debt situation with people like Midas Press going bust and owing them loads of money! Funny how some people can't see what is right in front of their face - as he blames the weather maybe he is snowblind when reading his accounts.

20100222

"Doing The Midas"


22nd February 2010 - On Friday an article appeared in Printweek called "Paper manufacturers set to impose further price increases" reporting the the comical antics of paper mills and merchants increasing their prices (which will then inevitably crash down again!)

The first comment on the article on the printweek blog by Arthur Sternesky reads as follows:

"I don't care because I'm going to start using McNaughtons\( for McNaughtons read Antalis). Buy as much paper as you like go bust start up again and carry on trading. I think this is called "doing the Midas"

Well said Arthur

Have a read:
http://www.printweek.com/paper/news/984890/Paper-manufacturers-set-impose-further-price-increases/

20100219

ISO Accreditations


19th February 2010 - I had an anonoymous comment left about the question of ISO accreditations. The response was "your information is way out - midas never had any iso's and they no longer work with LA, EL or BA"

Well I stand corrected although I do believe that Midas Press were registered as an ISO 12647 - and on the Proficient Colour Register? Obviously this would not be something that Midas Press PLC can now claim. As for no longer working with Laura Ashley, Estee Lauder and British Airways, maybe these companies took there business away before Midas Press went bust.

Appeal for information

18th February 2010 - The response for my last request for information was great and we were able to publish the details of the new management at Midas Press PLC - thank you for those e-mails and comments.

So now another request - has anyone seen a report from the administrator about the winding up of the Midas Press (partnership) yet? Is it my imagination or are they being very slow? The company is called Middleton Partners. Any info would be gratefully received