Office2office suffered a fall in pre-tax profit from £8.1m to £4.6m, figures it put down to a reduction in public sector work and adverse weather conditions…

Folio (Bristol) managing director hit out after its bank froze its invoice discounting facility, forcing the company into administration…

More than 200 Transactis staff at the company’s Whiston production site were put at risk of redundancy as part of the RR Donnelley TUPE transfer following the latter’s takeover… Pindar secured new banking facilities with HSBC of £13m from £10m, as it aimed to tackle a £26.7m pensions deficit and an operating loss of £993,000…

Finishing house West Country Binders appointed a liquidator… Paragon Group suffered a pre-tax loss for its UK operation but fared better with its EU business, the latter helping the group to an operating profit of €2.2m, though this was still significantly lower than the previous year figure of €5.8m… Walstead Investments completed its £20m acquisition of St Ives Web, making it the largest web offset printer in the UK…

Character DPM was rebranded Character Media after it was acquired out of administration by Magnadata Group, saving 11 jobs… Inc Direct renewed its £3m contract with Talk Talk for the production of customer communications across the full span of media, including print, email, SMS and digital asset management… staff at Polestar Chromoworks rejected a 4% pay cut…

Polestar was taken over by the European wing of US private equity business Sun Capital Partners, and the new owners jettisoned the company’s multimillion pound pensions liability as part of the deal… The business and assets of AlitoColor Group were sold out of administration to ex-director David Collins… Bezier acquired design studio Hicksville to form a new entertainments division… The National Association of Paper Merchants revealed that UK merchants suffered £14.6m in bad debt during 2010…