150 jobs go as printing firm fails

Some 150 jobs have been lost at a Leicester printing firm after a cashflow crisis sent the company under.

Administrators from FRP Advisory were called in to Taylor Bloxham Group late last week. One arm of the business – mailshot business Mailbox – has been sold, with 21 jobs rescued, but Taylor Bloxham, the print firm, Instore, a point-of-sale display maker, and FastAnt, the firm’s warehousing, distribution and e-commerce arm, have all ceased trading.

Taylor Bloxham has been in Leicester for around 80 years.

In its latest available accounts, made up to 30 September 2018, the company slumped to a loss of £868,934 – after making a profit of £815,650 the year before.

A statement from FRP Advisory said: “On appointment, the administrators have been forced to close the remaining divisions of the business and take the difficult decision to make all 150 employees redundant.

“The joint administrators will now focus on maximising returns for creditors through selling the remaining assets of the business and providing support for all affected employees.”