The firms turnover for the 28 weeks ending 12 October rose 22% to 4.8m, while pre-tax profit hit 251,000, up 57%. It took a 55,000 exceptional charge relating to the move.
Printing.com said it had made substantial progress during the period with its franchised model. Its Glasgow and Newcastle stores converted to the format, via and MBI and MBO respectively, while it has completed franchise agreements for Lancaster and Watford.
Option/exclusivity agreements have been taken out for new stores in Harrow, Warrington, Glasgow East, Wolverhampton, Crawley and Guildford, while an option has been taken out to buy the company-operated stores in Hampstead and Baker Street, London.
Revenues from bolt-on franchisees grew 116% to 886,000.
Printing.com offers full-colour printing from a hub site in Manchester.
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"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
"Not surprised, businesses need to prepare for these attacks rather than thinking that they're going to avoid them. At the very least, data needs to be fully protected with air gaps in place..."
"So much for growth then!"
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