Calling all Salespeople

14th February 2011 - Happy Valentines Day

Today, the newly styled "Midas Press Limited" has placed an advert for a new salesman in the lonely hearts column known as Printweek Jobs.

"The Midas Press are recruiting for a self driven successful sales person, with experience in selling from B1 to Digital. The successful applicant must have a proven sales track record in new business and an existing client base"

Apparently... "The Midas Press Ltd is one of the country’s premier B1 printing companies based in Hampshire" - the advert just doesn't happen to mention the recent history.

Applications please to onetime associate partner (of Midas Press Partnership), Mr Steve Oliver

New Identity

4th January 2011 - New year and a new Logo for the new Midas Press Limited

Happy New Year

1st January 2011

Lets all hope that 2011 is a better year for all staff at Midas Press (and LPC of course) than 2010!

New news from Printweek

23rd September 2010- just reported on Printweek.com

LPC Print merges with The Midas Press to form £11.5m company
Helen Morris, printweek.com, 23 September 2010

"Commercial printer LPC Print has acquired The Midas Press for an undisclosed sum to form an £11.5m-turnover B1 and B2 business.
The two companies will continue to trade separately following the cashand share-based deal, and will both keep their existing names.
LPC managing director Nick Lee will become managing director of both companies, while Midas managing director Paul Wells will become works director.
Lee said: "The two businesses have completely different client bases, and so the merger was ideal.
"As a business, we have wanted to diversify, and this move means that we can now offer each other's products."
Lee added that the company would need to cut some costs following the merger.
He said that the business will also be looking at staffing levels across the two companies, which employ a total of 125 staff.
Southampton-based LPC Print is a commerical and digital printer that produces catalogues, flyers, books and annual reports.
The £4.2m-turnover company has 47 staff, and plans to invest £2.5m in new kit by 2 November on a new Heidelberg XL 75 10P, an ST450 stitching line and KH66.6folder, to replace a 10-colour Heidelberg.
Farnborough-based Midas Press is a colour printer that has litho and finishing facilities. The 78-staffed company has a 12-colour B1 Heidelberg press, a 5-colour B1 press and a Print Master.
Lee said the company will now be able to offer digital print and personalistion through to B1 litho.
In January this year, Midas Press was bought by its former management team after appointing Middleton & Partners as administrators."

Only one thing to say: Midas Press PLC - that went well then!

Something is afoot?

16th September 2010 - This week, there have been rumours in Farnborough town about our old favourite Midas Press PLC that something is about to happen.


Anyone know anything? - seems that there have been some meeting going on between the "management" and another printer - who maybe based on the south coast?

Late Payment

15th July 2010 - O dear, just heard on the grapevine that some of those companys who have been supplying Midas Press PLC on credit are having to chase there money hard now! is there any money left?

Any news from anyone else?

Comments - thank you

21st May 2010 - I just want to say thanks to the people that posted comments to me:

Anonymous said...
well done Auric - hats off to you.
It is a shame that there isn't someone like you to highlight the terrible mismanagement in every pheonix operation. Unfortunately you may be back with another creditors list if the latest rumours are to be believed - they went to the money cupboard but the money cupboard is bare!!!!

Anonymous said...
Thanks for your efforts on highlighting the Midas collapse.
A few rumours about that the reformed business is struggling badly. Watch this space!