Glasgow print firm closes doors
January 25, 2010 by Gareth
A Glasgow print firm, specialist point of sale printer Clark Stephen, has ceased business after going into administration just before Christmas 2009.
Immediately after closure managing director, Frank Laurie, started a new business named CS Instore, which appears to offer a very similar service but is based on a print management model.
Ian McGregor, of Begbies Traynor, has been appointed as the administrator of the company last year, on the 23rd December. Three employees were immediately made redundant and the company reopened on January 4th to complete contracts. The following day the remaining 16 employees were also made redundant.
In an e mail Frank Laurie said:
“CS Instore has an excellent Midlands-based production partner with large-format print and finishing facilities”.
The way in which the new company was set up has attracted some comment from both former employees and clients. Some refer to the ease with which client databases were acquired from administrators, some refer to what they believe was the shabby way that former employees were treated and some refer to what they believe was dubious timing.
It is difficult in tough economic times for print companies in Glasgow. It is hoped that new companies arising out of firms in administration will at least be able to offer some former employees jobs. However, there are times when employees seem to take the worst of the hit whilst former directors can simply carry on with a new business. It is likely that a few more comments will be posted on this one.