The firm is selling its two-acre site in Islington, for which it has obtained planning permission for a residential development.

The majority of staff have completed the move across town to the new site in EC1. It will provide same-day service, while the firm's main digital site in Basildon will handle the longer-run work.

The new London sitewill take delivery of four Xerox DocuTech 6180s and three DocuColor 6060s in January.

As part of the restructuring the firm, which trades as Pims Enterprises, is in the process of liquidating the five companies that it previously traded as. The exercise was described by chairman Julian Henchley as "purely a tidying up exercise".

Bofors (formerly Pims Print) has been liquidated and the other firms Jordan Ryan, TNG Paper, CIP and Pims UK are in the process of being shut. Henchley said the move would save the firm 20,000 per year in auditing the dormant firms.

The management functions currently run from Islington will move to a new location in the first quarter of 05. Henchley added that in the first half of the year the firm would focus on consolidating its position.

Story by Andy Scott