Richmond set to follow Cavendish into administration

Commercial printer Richmond Printers, which trades as Richmond Cavendish, is on the verge of closure with administration expected imminently.

At the time of writing, the Leicester-based company was continuing to trade. However, a spokeswoman said that it would be going into administration, citing 30 July as the day it would close.

A notice of intent to appoint an administrator to the company was filed at the Companies Court at the High Court of Justice on 23 July 2010.

A source close to the company said: "Staff continue to finish up work, but there have been redundancies recently. There is little, if any, work there and it is possible it may go into some form of an insolvency process very soon."

If Richmond Printers does go into administration, it will follow its sister company Cavendish Press, which also traded as Richmond Caven­dish and closed last month.

The two companies traded out of the same premises and operated as a single entity. At the time, Unite said that it would be taking action against the company because no consultation had taken place with employees prior to redundancies being made.

Insolvency practitioner MCR, administrator of Cavendish Press, said it could not comment on whether it would also be appointed to Richmond Printers.

Richmond Cavendish has shrunk dramatically in 2010. It reported a turnover of £8.8m in January, with 78 staff, but by the time Cavendish Press closed this number was down to about half. It is unclear how many employees remain at the company.

Richmond printers/Cavendish press timeline
May 2008 Cavendish Press saved from administration by Richmond Printers owner Martin Kube
4 June 2010 23 employees made redundant
24 June 2010 Cavendish goes into administration
25 June 2010 15 further redundancies
23 July 2010 Notice of intent to appoint an administrator filed for Richmond Printers