UPDATED: Eighty jobs lost as Poole print company goes into administration (From Thisisdorset)

100 jobs 'at risk'! someone didn't bother to dig out the facts for this story, did they?
ALL the staff were made redundant yesterday and will not be paid salaries for January and any days worked during February.
It was a case of thanks now p**s off. Leaving the government to pick up the tab once again.
A lot of very desperate people with serious financial issues due to the managements incompetence!

I suspect that there are lots of printing companies struggling these days as the leaflet and brochure business continues it's spectacular downward turn. Until fairly recently you would get buried under a mountain of junk mail that came by post and with the Advertiser each week. Not now. It's an avenue of business that's been superceded by the internet and hopefully it won't be long before junk mail is a thing of the past.

Village Idiot wrote:
100 jobs 'at risk'! someone didn't bother to dig out the facts for this story, did they?
ALL the staff were made redundant yesterday and will not be paid salaries for January and any days worked during February.
It was a case of thanks now p**s off. Leaving the government to pick up the tab once again.
A lot of very desperate people with serious financial issues due to the managements incompetence!

Agreed. Hived off the profitable parts of the business whilst disposing of the not so.. all whilst the workers continue to work for nothing, sneaky basta**s

The printers have all been cutting each other's throats, cost wise, for 2 years now. Anyone wanting print can get huge bargains if they shop around. But eventually, you can't operate at these costs, and administration beckons.
So long as everyone is trying to go lower to get the work, this will happen more and more.
Who would have expected Broglia and
Southern Binders to go under?
Printers are trying anything they can to branch out into other fields - it will generally end badly.

What I particularly deplore is the fact that the workers know exactly what's happening, but the bosses try so hard to convince them it's fine. Then the workers turn up to locked gates, an sod all!

Considering the amount of unwanted & unsolicited flyers that come thro my door each day with the post, I would have thought the printing companies were thriving....

Staff left unpaid for Jan and Feb is horrific if true!

In other news RICS are predicting house prices are expected to double over the next two years. This is welcome news to be celebrated. The massive spring bounce is just around the corner so borrow as much as you can. All this negative spin about jobs will not effect the market it's all about supply and demand.

Dr Strangelove wrote:
In other news RICS are predicting house prices are expected to double over the next two years. This is welcome news to be celebrated. The massive spring bounce is just around the corner so borrow as much as you can. All this negative spin about jobs will not effect the market it's all about supply and demand.

High house prices benefit who exactly?
Estate agents, Banks and people wishing to downsize, no one else.

The disparity between the old and young in the housing market disgraceful.

The old have accrued UNEARNED equity in their properties, that the young have to pay for through ridiculous Mortgages, while their earning power diminishes.

How many pensioners have actually earned the value of their properties?

The old have paid a shedload of interest on their mortgages to have those houses with 'unearned' equity. It is not their fault that the housing market went silly 15/20 years ago and prices have tripled!

LGM wrote:
Staff left unpaid for Jan and Feb is horrific if true!

Fortunately it's probably not true - although it always makes for a good part of these Company closure stories.

In these circumstances I understand any regular PAYE employee will be paid in full for all time worked, holiday pay due - and even some redundancy where qualifying.

This will be paid by the employer in Administration, the Government or more often a combination of both.

The hardship caused in this respect will usually be confined to the time that this process takes and that no doubt is bad enough.

Now , where shall I invest my money into a business in 2013?......

Typewriter manufacture?...high street retail?.......printi
ng works?.........

What is a shame is that the management must have seen this coming?...
But then decided to screw as much work out of everyone, right up until the last minute, and then simply tell them 'bye-bye'.

I suppose they might have just not known how bad things were, but that would suggest a pretty incompetent management..

muscliffman says...
3:49pm Thu 14 Feb 13

LGM wrote:
Staff left unpaid for Jan and Feb is horrific if true!
Fortunately it's probably not true - although it always makes for a good part of these Company closure stories.

I can assure you this is true. Some staff have not been paid since mid-Jan, others since the end of Jan. Pay can be claimed back through a government scheme but this does not help those of us who have rent/mortgages to pay before the 6 weeks this will take (As per the forms the administrators have recently posted us all)

l'anglais wrote:

Dr Strangelove wrote:
In other news RICS are predicting house prices are expected to double over the next two years. This is welcome news to be celebrated. The massive spring bounce is just around the corner so borrow as much as you can. All this negative spin about jobs will not effect the market it's all about supply and demand.

High house prices benefit who exactly?
Estate agents, Banks and people wishing to downsize, no one else.

The disparity between the old and young in the housing market disgraceful.

The old have accrued UNEARNED equity in their properties, that the young have to pay for through ridiculous Mortgages, while their earning power diminishes.

How many pensioners have actually earned the value of their properties?

A disgusting, pathetic and completely inaccurate comment. You should be ashamed.
Elderly people who own their own homes for the most part have worked extremely hard over decades to pay for them. Is it their fault that their homes have increased in value? No it's not.
Although I agree it's tough for young people these days it's certainly not the fault of the retired who've paid their fair share of taxes. Taxes which subsidise the good for nothing low life morons in this country who are too tired to get off their backsides and earn a living. Perhaps you are one of these?

House prices are artificially high because of years of buy-to-let landlords keeping prices out of the reach of most people.

To blame those that bought in more favourable times is unfair.

We need a massive house-building program ASAP to bring prices down to an affordable level, and perhaps tax increases on the buy-to-letters too.

None of this will help those now unemployed (and unpaid) through no fault of their own. Good luck to all of them trying to find work in these difficult times.

I do worry that the people in this story are the "good for nothing low life morons" refered to above?

dear me

I don't see anywhere in the previous post that stated that old people are to blame for house price rises - the comment merely stated that it was UNEARNED income, which it is

if there is any blame it lies with the system of deliberately constraining supply

so perhaps some might care to actually read and reply what is posted - for once

ex-Bez employee wrote:
muscliffman says...
3:49pm Thu 14 Feb 13

LGM wrote:
Staff left unpaid for Jan and Feb is horrific if true!
Fortunately it's probably not true - although it always makes for a good part of these Company closure stories.

I can assure you this is true. Some staff have not been paid since mid-Jan, others since the end of Jan. Pay can be claimed back through a government scheme but this does not help those of us who have rent/mortgages to pay before the 6 weeks this will take (As per the forms the administrators have recently posted us all)

We may have our wires crossed here!

I did not suggest pay was not owed to staff, though it appears from what you say it was also in arrears.

As you confirm it will eventually be made up but regretably this will take time - that is a problem in itself for most of us.

Bob49 wrote:
dear me

I don't see anywhere in the previous post that stated that old people are to blame for house price rises - the comment merely stated that it was UNEARNED income, which it is

if there is any blame it lies with the system of deliberately constraining supply

so perhaps some might care to actually read and reply what is posted - for once

My comment was from a press release by RICS. The point was with continued job losses over the country they keep trotting out this ramping clap trap. It is very telling that some people feel entitled to the current values of property. The equity rise from purchase price is unearned and the current bubble prices remove disposable income from people causing the recession to be much deeper than it would have been had market forces been alowed to correct prices to trend. It's a double hit as less disposable income causes more unemployment, there's not enough churn in the economy. Very bad for those that have lost their jobs but you can lay 100% of the blame at the current government their policies of propping the housing market up have and are continuing to wreck the UK economy. Germany and France are in trouble yet the pound has fallen again against a very week euro. More dreadful miss management from the government.

If you want any printing doing
buy a printer from P C world or Asda
a piece of cake,
a six year old can do it.

i cannot understand what house prices have got to do with a printing company going bust?

The Renegade Master wrote:

l'anglais wrote:

Dr Strangelove wrote:
In other news RICS are predicting house prices are expected to double over the next two years. This is welcome news to be celebrated. The massive spring bounce is just around the corner so borrow as much as you can. All this negative spin about jobs will not effect the market it's all about supply and demand.

High house prices benefit who exactly?
Estate agents, Banks and people wishing to downsize, no one else.

The disparity between the old and young in the housing market disgraceful.

The old have accrued UNEARNED equity in their properties, that the young have to pay for through ridiculous Mortgages, while their earning power diminishes.

How many pensioners have actually earned the value of their properties?

A disgusting, pathetic and completely inaccurate comment. You should be ashamed.
Elderly people who own their own homes for the most part have worked extremely hard over decades to pay for them. Is it their fault that their homes have increased in value? No it's not.
Although I agree it's tough for young people these days it's certainly not the fault of the retired who've paid their fair share of taxes. Taxes which subsidise the good for nothing low life morons in this country who are too tired to get off their backsides and earn a living. Perhaps you are one of these?

Us old ones were paying interest based on 15% to get those homes. On low income. It's all relative.

I've had 9 mortgages since 1970 the interest rate is lower now than its ever been, the highest was about 11%
now its about 2 or 3%,
Why should i feel bad about it?

CSeat80 wrote:

The Renegade Master wrote:

l'anglais wrote:

Dr Strangelove wrote:
In other news RICS are predicting house prices are expected to double over the next two years. This is welcome news to be celebrated. The massive spring bounce is just around the corner so borrow as much as you can. All this negative spin about jobs will not effect the market it's all about supply and demand.

High house prices benefit who exactly?
Estate agents, Banks and people wishing to downsize, no one else.

The disparity between the old and young in the housing market disgraceful.

The old have accrued UNEARNED equity in their properties, that the young have to pay for through ridiculous Mortgages, while their earning power diminishes.

How many pensioners have actually earned the value of their properties?

A disgusting, pathetic and completely inaccurate comment. You should be ashamed.
Elderly people who own their own homes for the most part have worked extremely hard over decades to pay for them. Is it their fault that their homes have increased in value? No it's not.
Although I agree it's tough for young people these days it's certainly not the fault of the retired who've paid their fair share of taxes. Taxes which subsidise the good for nothing low life morons in this country who are too tired to get off their backsides and earn a living. Perhaps you are one of these?

Us old ones were paying interest based on 15% to get those homes. On low income. It's all relative.

Yes the thatcher government tried to buck markets but kepted inflation down using interest rates. Lawsons Big Bang is where the seeds were sown for the problems of today. If the enermy of inflation was fought then we would be all much better off and we would already be in recovery. Like it or not Alistier darling would have fought inflation and we would now be in a much better position.

live-and-let-live wrote:
i cannot understand what house prices have got to do with a printing company going bust?

Because high prices remove disposable income so no churn in the economy. Plus the government have put so many props inplace, the props are ruining the economy especially devaluing the pound it makes imports more expensive which again takes more money out of people's pockets which they could of saved spent or pay down dept, and that's just for starters!!!

awsokend wrote:
I've had 9 mortgages since 1970 the interest rate is lower now than its ever been, the highest was about 11%
now its about 2 or 3%,
Why should i feel bad about it?

Where were you in 1990 then, interest rates were 15.5% then, and like you ,i dont feel bad about it

MMM444 wrote:

awsokend wrote:
I've had 9 mortgages since 1970 the interest rate is lower now than its ever been, the highest was about 11%
now its about 2 or 3%,
Why should i feel bad about it?

Where were you in 1990 then, interest rates were 15.5% then, and like you ,i dont feel bad about it

Ah yes back in the day.
When Maggie taught us all to pay for things in % points rather than shillings and farthings.

How many % did it cost to buy Nan and Grandads council house.

Shame it didn't fit in their coffin, they could have taken it with them.

Dr Strangelove wrote:

live-and-let-live wrote: i cannot understand what house prices have got to do with a printing company going bust?

Because high prices remove disposable income so no churn in the economy. Plus the government have put so many props inplace, the props are ruining the economy especially devaluing the pound it makes imports more expensive which again takes more money out of people's pockets which they could of saved spent or pay down dept, and that's just for starters!!!

yeah ok. in the meantime, a printing company has gone bust because printed advertising, posters etc are no longer needed because on line advertising has taken over.

No the problem is they couldn't print money as the BOE has the monopoly on that one!!!

Printers and paper are cheap you know
the ink costs an arm and a leg.

When you've worked as hard as me moved as many times as me you don't need to borrow money.

awsokend wrote:
Printers and paper are cheap you know
the ink costs an arm and a leg.

When you've worked as hard as me moved as many times as me you don't need to borrow money.

So you think this company went to the wall was due to the price of ink cartridges do you?

Also, are you trying to make us believe that you paid Cash for your first property, without the aid of a mortgage (ie. borrowing from somebody).

You must have left school at the age of 12, because at 13 we learn when to refer to I rather than me in sentences.

Am you referring to I
me don't think so.

live-and-let-live wrote:

Dr Strangelove wrote:

live-and-let-live wrote: i cannot understand what house prices have got to do with a printing company going bust?

Because high prices remove disposable income so no churn in the economy. Plus the government have put so many props inplace, the props are ruining the economy especially devaluing the pound it makes imports more expensive which again takes more money out of people's pockets which they could of saved spent or pay down dept, and that's just for starters!!!

yeah ok. in the meantime, a printing company has gone bust because printed advertising, posters etc are no longer needed because on line advertising has taken over.

Good points but may be to focused on one area. There is too little churn across the economy it hits everything.

its very sad for someone to find themselves without an income, as some of us already know.

l'anglais wrote:

awsokend wrote:
Printers and paper are cheap you know
the ink costs an arm and a leg.

When you've worked as hard as me moved as many times as me you don't need to borrow money.

So you think this company went to the wall was due to the price of ink cartridges do you?

Also, are you trying to make us believe that you paid Cash for your first property, without the aid of a mortgage (ie. borrowing from somebody).

You must have left school at the age of 12, because at 13 we learn when to refer to I rather than me in sentences.

Jeez L'Anglais...chill. you really are making yourself sound like a d!ck.

Hobad1 wrote:

l'anglais wrote:

awsokend wrote:
Printers and paper are cheap you know
the ink costs an arm and a leg.

When you've worked as hard as me moved as many times as me you don't need to borrow money.

So you think this company went to the wall was due to the price of ink cartridges do you?

Also, are you trying to make us believe that you paid Cash for your first property, without the aid of a mortgage (ie. borrowing from somebody).

You must have left school at the age of 12, because at 13 we learn when to refer to I rather than me in sentences.

Jeez L'Anglais...chill. you really are making yourself sound like a d!ck.

You have obviously had your head in a close proximity of many a d!ck to recognise it's sound.