More than 500 jobs lost as printing firms cease trading

Three printing firms have ceased trading with more than 500 jobs lost.

FRP Advisory has been appointed as administrators for York-based York Mailing Ltd, YM Chantry Ltd, which is based in Wakefield, and Pindar Ltd, in Scarborough. All three companies form part of the YM Group.

The majority of the 512 staff have been made redundant.

The administrators explained the decision has followed a “significant period of challenging trading that had been exacerbated by the impact of the pandemic” along with rising costs.

YM Group had tried to sell the three companies. But FRP said without the “prospect of investment or a sale” the firms had ceased to operate.

Phil Pierce, partner at FRP Advisory, told the BBC: “This has been an incredibly challenging period for the printing sector and York Mailing, YM Chantry and Pindar are no longer able to continue trading.

“Regrettably, the insolvency has led to redundancies at what we know will be an extremely difficult time. We will work with staff to access redundancy support.”