Printweek understands that the Dorset-based luxury print and packaging specialist has formed a new connection with BCP Media Group, based nearby in Bournemouth. 

BCP’s group managing director David Stroud is now also managing director at Dayfold, according to sources close to the company. BCP offers a range of printing services and is helmed by CEO Ian Shenton.

A number of Dayfold employees have also been made redundant as the business effects a restructure of some form.

Debtor book recovery specialist Credebt has been engaged by Skipton Business Finance and Dayfold to assist with the verification and collection of outstanding invoices.

Dayfold chairman Les Abbott-Fryer had not responded to requests for comment about the changes at the time of writing. 

Former Dayfold managing director Del Simmons left the business last month and now has a new role at KSP Group in Banbury.

He had been intending to complete an MBO at Dayfold, but this fell through.

Dayfold said that a tough trading environment had stymied the deal.

In a statement explaining Simmons' departure the firm said: “Unfortunately due to difficult trading conditions, both Del and the current owners agreed that resuming the buyout any time soon would place unnecessary pressure on the business, a risk that no one was prepared to take.”

Dayfold employed 40 in the financial year to 31 July 2023.

In April the company, which has sales of around £5m, extended its financial year end from 31 July 2024 to 31 January 2025, which means its accounts don’t have to be filed until October.

The business was originally incorporated in 1980.