Creditors of Venn Holdings’ trading subsidiaries JDP and Culverlands Press are owed more than £8.8m with the two businesses showing an estimated total deficiency of £4.4m – and major creditors have mobilised to appoint a liquidator of their choosing.
The Venn Holdings buy-and-build dream is in tatters after print wing JDP was shuttered after Christmas, with liquidators expected to be appointed imminently.
JDP hit 5.1m B2 impressions in September 2021 across its 12000 and 100K Indigo digital presses, up from 3,50,000 B2 impressions in February 2021. Part of JDP’s strategy is to create a technology focused printing group across the labels, commercial and packaging sectors. The business has been looking to redefine the break-even point of digital to analog products and to fully
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Thirlby and Rae team up for new buy-and-build venture Jo Francis Friday, March 5, 2021
Former Heidelberg executives Andy Rae and Anthony Thirlby have teamed up on a new buy-and-build venture – the duo have already made their first acquisition and have more buys in their sights.
Thirlby and Rae: duo plan to capitalise on their know-how and networks
Rae and Thirlby’s Venn Holdings completed the deal to acquire John Dollin Printing Services yesterday evening (4 March). The buy was backed by Compass Business Finance.
The pair worked together for a number of years at Heidelberg.
Thirlby is the former managing director of ESP Colour and was then chief operating officer at Pureprint before joining Heidelberg, where he spent nearly three years and became global senior vice president for the commercial segment and head of subscription sales. After leaving Heidelberg in early 2019 he focused on his consultancy business.