Was having a little bit of a reminisce yesterday evening with a certain Lauretta Roberts, late of this parish, and very pleasant it was too. As part of a discussion that ranged widely, encompassing The Very Hungry Caterpillar and our favourite Print Valentines, we also debated the chances of their being another "David Mitchell" type happening in print. To recap, Mitchell and his colleagues started off in 1996 with £5m of venture capital funding and used it to acquire three printing businesses that were the beginnings of Astron. They carried on acquiring and ten years later Astron was sold to RR Donnelley for a whopping £520m. The timing, in every respect, was pretty much perfect. Mitchell heads a list of notably successful entrepreneurs in our industry who have made millions from print. A more recent example is the sale of Moonpig to Photobox for £120m. Not quite on the Astron-omical scale, but a nice outcome nonetheless for Moonpig founder Nick Jenkins. I wonder if we'll ever see their like again? Perhaps the answer will be found among the current crop of high-tech print-related entrepreneurs, such as Richard Moross at Moo.
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"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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