FRP Advisory has secured the sale of Yorkshire firm Reproworld Ltd out of administration to Arc-UK Technologies Ltd, preserving the jobs of all staff formerly employed by the graphic design, print marketing and exhibition solutions company.
The business will continue to trade from the same leasehold premises in Bradford, while benefiting from being part of the wider Arc national design and marketing operation, underpinned by its US-listed design and marketing parent, Arc Document Solutions Incorporated.
FRP Advisory partners Phil Pierce and Geoff Rowley were appointed joint administrators to Reproworld in March 2014 following deterioration in the company’s trading performance which had put unsustainable cashflow pressures on the business under its current financial and operational structure.
Phil Pierce, Leeds-based partner at FRP Advisory and joint administrator, said: ‘The sale of the business secures 12 local jobs in Yorkshire and allows for vital continuity of the business’ operational structure and customer service. We wish the new owners every success for the future as it continues to serve the business’ loyal customer base and grow as part of a wider national firm.’
