148 jobs lost as Telford printer PCP collapses after failed sale process

Precision Colour Printing has begun an orderly wind-down of its operations after administrators failed to secure a buyer, with 148 employees made redundant.

Joint administrators Mike Denny and Michael Magnay of Alvarez & Marsal, appointed on 27 August, ran an accelerated sale process for the Telford-based magazine, catalogue and brochure printer but said it did not generate viable interest from potential buyers.

Twelve employees have been retained temporarily to support the wind-dow... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...