MD completes 100% share buyout of Bath printer

Ralph Allen Press is aiming to build on its existing client base after managing director Jason Hindle completed a majority takeover of the business.

Hindle, who was previously joint managing director of the 83-year-old company, has taken over the 100% shareholding of the Bath printer after buying-out the shares from business partner Stuart Neathey.

The share buyback was funded by a £500,000 package from Lombard.

Hindle said he now wants to build on the company's existing customer base and "keep the business going forward".

"I made the move in order to safeguard the employees' jobs and ensure the company in the long term," he said.

"I am delighted to have the opportunity to take full ownership of what is a successful business," Hindle added.

Ralph Allen Press, established in 1925, employs 19 staff and serves a range of clients including those in the water sector, local universities and the NHS.