Forty people were laid off with immediate effect after the management of a “reputable” commercial printing company based in Edinburgh collapsed.
Allander Print, which was founded in 1995, encountered “unsustainable cash flow problems resulting from current Covid-19 restrictions,” according to administrators at management consultancy specialist FRP.
FRP partners Tom MacLennan and Iain Fraser have sold the intellectual property and goodwill of Allander Print, a “well-known” commercial printer serving public and private sector customers across the UK, to Tempus IME in Edinburgh.
Tempus is described as a rapidly growing, full-service provider of digital design, printing, marketing and communication services to a wide variety of blue chip companies.
Two Allander employees have been hired to assist with administration and site clearance.
Robert Dryburgh, Managing Director of Tempus IME said: “Allander Print is a highly respected brand with a long history of quality and customer service.
“The company has been affected by Covid-19 like many companies across the UK.
“Tempus, with its unique business model, will be able to support existing Allander customers and introduce new innovations based on excellent customer service.”
Mr. MacLennan said, “We are delighted to have sold Allander Print’s assets to Tempus IME and wish the new owners every success with their plans.
“We will now focus on liaising with all relevant agencies, including PACE, to ensure that employees have all the support possible during this difficult time.”