BusinessBusiness RecoveryPwC forced to close down printing firm

PwC forced to close down printing firm

286 employees to lose their jobs

Norwich-based New Jarrold Printing (NJP) will close and all 286 remaining
employees will be made redundant joint administrators from
PricewaterhouseCoopers have announced after the company lost its largest
customer,

The firm said potential buyers had withdrawn and production would cease.

NJP has suffered losses of approximately £2.9m since its inception in 2004
and had continued to make losses since being placed into administration on 1
August.

Stephen Oldfield, joint administrator and partner at PwC, said: ‘It is a sad
day when the closure of any business is announced. It is particularly sad as
there were a number of interested parties in the final stages of due diligence
and agreeing terms for new premises for the business.’

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