PrintWeek understands that the company, which employed around 70 staff, closed on Monday (30 June) after staff were told to leave the premises and that they would receive no pay for the month.
A source told PrintWeek: “It’s a shame that many suppliers have been hit yet again by this company.”
NGS Finishing Solutions bought PBC on 11 July last year and moved the NGS operation to PBC’s site on Water Road, Wembley.
NGS director Neil Sharp became managing director of the merged firm while PBC’s previous directors Reg Walwyk and Yat Ng resigned as directors, according to Companies House.
The two companies began to trade immediately as PBC and the business took on NGS's equipment as well as PBC’s 16-station Wohlenberg Master E perfect binder and a six-station Muller Martini binder. NGS then entered voluntary liquidation two months later in September.
Sharp had formed NGS Finishing Solutions in February 2011. He used the new company to buy his previous firm, NGS Print Finishers, out of administration the following month.
Attempts by PrintWeek to contact Sharp by email and telephone about PBC have gone unanswered and the firm’s phones lines have been disconnected.
