Aldershot: Print company sale secured by BTG

The Southampton office of business rescue, recovery and restructuring specialist Begbies Traynor has secured the sale of Aldershot-based print and direct mail company Lime PM less than a month after substantial bad debts forced the family business into administration.

Administrator Antony Fanshawe traded the business to complete work in progress as the search for a buyer got under way. The company is now under the ownership of Midlands-based Synergie whose purchase of the business and assets saved eight jobs.

Fanshawe explained: “Lime PM traded successfully for almost two decades and had a turnover in excess of £4m. Its impressive client list included major national and international names and this, together with investment in wide range of cutting edge technology, made the company an attractive proposition to prospective purchasers.

“It’s extremely sad when bad debt marks the end of an era for renowned family businesses like Lime PM, but I am delighted that we were able to secure a successful sale and that the new owner has been able to retain eight of the original employees.”