Jobs lost as printing firm enters administration

A Sheffield printing company which had been trading for 23 years has entered administration – with the loss of 23 jobs.

Evolution Print, which traded from Atlas Way off Carlisle Street, faced mounting arrears in rent and business rates and took professional advice from insolvency specialists, Wilson Field.

The company employed 30 staff and 23 jobs were made redundant. A small number of staff continue to work to finish existing contracts while a new purchaser is sought.

Licensed insolvency practitioners Andy Wood and Lisa Hogg were appointed joint administrators. Wood, Associate Director at Wilson Field, said: “In common with many in the printing industry, Evolution Print found itself facing soaring increases in wholesale paper costs – well over 40% since 2016. This is in a very competitive industry where cost increases cannot easily be passed on and where margins are tight.

“Cash flow problems developed and things came to a head when legal action was threatened in respect of arrears in business rates. This was further aggravated by suppliers requesting either proforma invoices which resulted in difficulty obtaining the basic raw materials to trade, leaving the directors with little alternative but to seek professional advice.

Chartered surveyors, Charterfields, are dealing with the sale of the business.