The accounts, which cover the six weeks from Walstead's inception up to the 31 December 2008, include financial details of its acquisition of Wyndeham Press Group on 5 December 2008.
Walstead's results for the six-week period show a pre-tax profit of £15m (resulting from exceptional items of £16.5m relating to the release of indebtedness agreed as part of its acquisition of Wyndeham) on a turnover of £5.2m.
Net debt at 31 December 2008 was £30.8m, including £10m of loans from the limited liability partnership Cigala, which is controlled by Walstead directors Scanlon, Richard Fookes and Stephen Hargrave.
According to details published at Companies House, Walstead paid £1 in cash and £51,220 in attributable acquisition expenses for the £77.4m-turnover print group.
Walstead also agreed to repay £12m of debt owed to Landsbanki, Wyndeham's principal banker, prior to the acquisition, on the condition that Landsbanki wrote off a further £16.8m of Wyndeham's legacy debt.
The company also published details of its post year-end acquisition of Southernprint group, which was completed for £1 in cash and £66,057 in attributable acquisition expenses, as well as the arrangement for the repayment of £2,250,000 of debt owed by Southernprint to Newsquest Media.
Scanlon said that the acquisition of Southernprint had given the group the "scale and resilience to meet the requirements of larger contracts".
He added: "All the Walstead directors have a very significant amount riding on the success of the group. Having got this far, we are more determined than ever to make it succeed."
According to Scanlon, Walstead is on course to deliver on its strategic plan for Wyndeham, which includes generating an operating profit and strong free cashflow by the end of 2010.
A key component of Walstead's plan for Wyndeham, which made an operating loss of £3.2m for the period from 1 January 2008 to 5 December 2008, is the de-gearing of its balance sheet, as well as restructuring and reducing its cost base.
Projected turnover for the group is £102m.
