Accountants step in to help printing company find buyer
Published 27/11/2009 | 14:50
A buyer is being sought for an east Belfast-based printing company, it emerged today.
Company restructuring and accountancy firm BDO said a number of parties are interested in Graham & Heslip on Alanbrooke Road.
A spokesman said: “BDO has been engaged to help the company in seeking a buyer. We are at an advanced stage with several interested parties and we are confident about getting a buyer.”
But he said he was “not in a position to say” what the potential impact of a sale on the company's 115-strong workforce might be.
It is understood that not all the potential buyers are drawn from the printing sector.
The news of a potential sale represents a reversal of fortune for the firm, which was last year riding high on the acquisitions of Universities Press and Hodge Office Supplies, opening £2.5m premises at the former site of Universities Press.
Peter Robinson, the area's DUP MP, attended the opening with managing director Diarmuid McGarry and chairman Ken Cleland.
The website of the 100-year-old company lists its specialities as advertising literature, magazines, travel brochures, education publications, property marketing literature and religious literature.
Universities Press was wound up by the High Court last month following a creditor's petition by Brow Holdings.