Merlin Colour Printers
has called a section 98 meeting of creditors for
31 July.
Under the terms of the 1986 insolvency act, section 98 means that the directors of the company have voted to place it into voluntary
liquidation.
Michael Markscheffel, chairman of the Canvey Island-based commercial print firm, declined to comment on the reasons behind the creditors meeting or on what the companys future plans were, other than to say it was restructuring.
I cant really comment other than that. Things are up in the air at the moment and were sorting them out now. Our customers know about it and we do have a business going forward, Markscheffel said.
As well as its B1 and B2 litho print facility at Canvey Island, Merlin also has a digital print set-up in Londons West End that runs, among other equipment, an Indigo UltraStream.
Its last available figures to 31 December 1999 show sales of 3.5m with a pre-tax profit of 1,878.
Story by Lauretta Roberts
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