Wed, 29 Aug 2018 | BUSINESS SALE
An advertisement for London-based digital and litho printing providers, Callprint, has been circulated in the High Court, with the intention of appointing administrators in the near future.
Valuation and financial advisors Duff & Phelps have been called in to handle the sales process, who have since released documents highlighting the various skills and assets provided by the company.
London-headquartered solicitors Weightmans have also appointed, and appear to be working alongside Duff & Phelps to manage the legalities of the business sale of Call Print Group, Call Print Services and Call Print UK.
Callprint offers a range of services including 3D printing, stationary production, signage and internal branding. Of its 11 different locations, it operates a number of sites in London, Birmingham, Liverpool, Manchester, Hertford and Bristol with a turnover of £10.6 million.
The advisors valued Callprint’s fixed assets at £3.1 million, and recorded sales of £15.5 million in the year leading to 31 March 2017. The documents have stated that the company’s assets comprise of an “extensive portfolio of printing equipment” with some subject to third-party finances.
However, owing to the company’s present sensitive financial situation, the documents have stated that a sale ought to be “executed at the earliest opportunity”. Interested individuals and parties will be invited to sign non-disclosure agreements with Duff & Phelps consequently.
Sale of Callprint’s international branches in Dubai and the US will not be included in the business agreements.
A number of buyers have already expressed an interest in the company in question, and so all other curious individuals are encouraged to make offers at the earliest.
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