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By Walker Singleton:    3rd January 2025

Pocklington-based printing company Northwolds Richardson Group went into administration, following a sale of the business, with the assets out up for sale via auction.

Northwolds Richardson was formed following a merger in May 2023, which saw Northwolds Printers, which was established in 1978, acquire the staff, assets and order book of printing business Wood Richardson, which can trace its route back to 1905.

The group had a turnover of around £2.5m and operated Komori litho presses and Xerox digital printers from its site in Pocklington, near York, North Yorkshire. A decline in orders and turnover led to the company to undertake a review of the business and sought the protection of an administration order.

However, following a brief marketing exercise conducted by Walker Singleton, on behalf of the company and its advisors, a sale of the intellectual property including, the name, orders, website, domain name and customer lists was secured to AB Print Group Ltd.

Following the business sale, Walker Singleton, conducted an online auction, inviting bids for the company’s printing, finishing machinery and operational equipment following the appointment of Phil Clark and Dave Clark of Clark Business Recovery as joint administrators.

The auction included a range of printing and finishing machinery from industry leading brands such as Heidelberg, Muller Martini, Polar, Agfa and Stahl.

There was also a range of storage, handling and dispatching equipment for sale, as well as IT and office items.

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