John Byford has retired from his role as Litho Supplies non-executive chairman after 34 years as a director of the company and has been replaced by Bernard Clarke.


Clarke, who was formerly a director of Lloyds Merchant Bank, joined the company in February.


Byford told the firm's AGM that the Electronics Division achieved 1.4m in hardware sales at Northprint, much of which contained contractual consumable business. He said the probability that prices were reaching the bottom of their range was likely.


He added that maintaining gross margin would be difficult, but that Litho Supplies was in better shape than many of its competitors.


We are in reasonable shape and of good cheer. Any downturn in the economy would be unwelcome but we have always tried to create our own luck through effort and strategy.