Wed, 12 Oct 2011 | ADMINISTRATION
Thomson Litho, the printing business that was set up by the late footballer, Matt Thomson, has been put into administration by its Czech owners.
The East Kilbride-based business has been fully under the ownership of GZ Digital Media, which had been the former Motherwell FC captain's partner owner until it took it over completely last year. It is understood that the company is to wind down the Scottish operations and transfer them to Eastern Europe.
Blair Nimmo and Tony Friar from KPMG Scotland have been appointed as administrators and they are said to be focusing on generating interest in the company's East Kilbride facility - where 60 jobs were lost last month - which includes the property and printing equipment.
Mr Nimmo said that the company had been struggling with the costs of carrying out the business in Scotland for a significant period.
"With the advent of digital media, demand for the printed material Thomson Litho produced has fallen over recent years and the company became unviable, despite its restructuring," Mr Nimmo explained.
Just nine employees were left working at the company when the administrators were appointed, after operations had already been ceased and transferred to another company within the wider UK group.
Utilises a large fleet of articulated units and trailers to provide transportation and delivery services depot-to-depot via fully loaded trailers. Provides its comprehensive service offering for several blue-chip organisations. Receives a high volume...
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area.
Established over 15 years this care provider has become very well known in the local area for the high quality of care and companionship they provide to their clients.
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.