Member Article

Bradford graphic design company brought out of administration saving 12 jobs

FRP Advisory has confirmed that on March 11 2014, Reproworld Limited, the Bradford-based graphic design company, were sold out of administration.

Arc-UK Technologies Limited, the firm that bought Reproworld is the UK arm of NYSE-listed Arc Document Solutions Incorporated.

FRP Advisory partners Phil Pierce and Geoff Rowley were appointed joint administrators on 11 March 2014 following deterioration in the Company’s trading performance which had put unsustainable pressure on the business under its current financial and operational structure.

Prior to entering administration the former directors of the Company considered a range of solutions, including a sale of the company, to secure the best long term future for the business as a going concern in the interests of its stakeholders including customers, suppliers and employees.

Following the appointment of the joint administrators, the business and assets of Reproworld were sold to Arc-UK.

As a result of the sale all employees have been transferred to Arc, securing the jobs of all staff formerly employed by the Company pre-administration and ensuring the business can continue to service its loyal customer base.

The business will continue to trade from the same leasehold premises in Bradford, West Yorkshire, while benefiting from being part of the wider Arc national design and marketing operation, underpinned by its US-listed design and marketing parent, Arc Document Solutions Incorporated.

Phil Pierce, Leeds-based partner at FRP Advisory and joint administrator, said: “We are pleased to have helped with the survival of the business through the sale to new owners Arc-UK.

“The sale of the business secures 12 local jobs in Yorkshire and allows for vital continuity of the business’ operational structure and customer service.

“We were appointed to advise the Company following a recent period of adverse trading performance for the business resulting in unsustainable cash flow pressures, and the decision was made for the Company to enter into administration to facilitate a sale of the business.

“We wish the new owners every success for the future as it continues to serve the business’ loyal customer base and grow as part of a wider national firm.”

This was posted in Bdaily's Members' News section by Clare Burnett .