The company moved to new premises in Aylesbury from Hemel Hempstead last December in an effort to save money, but it had little effect on finances.
However, one of its directors, Richard Healey, who was at the firm for 37 years, has formed a new company, Healey Packaging, to take on the UK distribution of Beck Packautomaten shrink-wrapping machines.
Healey will continue to offer engineering, service and spares, as well as the full range of new machines from his Hemel Hempstead office.
Ballinger Rawlings was set up in 1960 by Kenneth Ballinger Rawlings, who died last October (PrintWeek, 26 October 2001).
"His death definitely had a big effect on the company. His two sons are now 62 and 60 and they dont want to go on," added Healy.
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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration.
We are all still left unable to claim the redundancy and notice pay owed..."
"Totally agree"
"Best wishes to everyone involved. Nice to have a good story to read in Printweek."
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