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Industry

Printing firm bought out of administration

A pre-pack administration has been arranged for Lynhurst Press. The family-run printing business in Basildon entered administration on April 2nd, 2019.

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David Button of 4set has bought Lynhurst Press out of administration

Joint administrators Lee De’ath and Richard Toone of CVR Global have secured the sale of the company by businessman David Button.

Lynhurst Press will now trade as ‘4set’ out of the same premises, saving 12 jobs.

Commenting on the sale, David Button of Lynhurst Press says: “Lynhurst Press was a great company with great staff, unfortunately rising costs and dwindling margins overwhelmed them – a sign of the times.

“What has pleased me the most is to save the 12 jobs including Steve Samuels and Karen Hyner as they all have shown loyalty and dedication over what must have been a very difficult period. This shows resilience and must be rewarded.”

What has pleased me the most is to save the 12 jobs as they all have shown loyalty and dedication over a very difficult period

Through acquiring an already established print company, Button plans to focus on its core products and grow through investment within that area.

The acquisition also places 4set inside a well-established larger group of companies, which means its will be able to offer more products to its client database.

Speaking of future plans for the new operations, Button says: “We have an intense period of marketing planned to help the business realise its potential.

“We are looking to develop the business by adding pioneering print technology, we’re talking with suppliers about possibilities of changing B2 ink jet presses. This really will launch the company forward due to the versatility of its products.”

If you have any news, please email carys@linkpublishing.co.uk or join in with the conversation on Twitter and LinkedIn.


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