More NewsPwC looking for buyer for printing business

PwC looking for buyer for printing business

Administrators find interested parties

A buyer is still being sought for New Jarrold Printing Limited, according to
joint administrators from PricewaterhouseCoopers.

According to Stephen Oldfield, Colin Haig and David Chubb, there are a number
of interested parties.

Oldfield said: ‘We are continuing with our efforts to sell the business as a
going concern and the support of employees, customers and suppliers remains
critical to our efforts to do so.

‘There remains hope in rescuing the business and a number of parties are
currently conducting due diligence with a view to confirming their interest.
This process can take some time to complete. The existing landlord, Jarrold
& Son, has been able to offer some criteria by which part of the current
site can be occupied beyond the current lease expiry of 31 January 2007.’

Oldfield, Haig and Chubb were appointed joint administrators to New Jarrold
Printing on 1 August 2006 after the company was placed into administration by
its board of directors due its financial position and the inability to be
certain that financial commitments in August, including the payroll, could be
met.

New Jarrold Printing specialises in long run printing.

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