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Prontaprint and Kall Kwik enter administration 20 December 2011

High street brands and business units Prontaprint, Kall Kwik and On Demand Communications are all being taken into administration.

The group had been financially stretched for a number of years, largely as the result of its debt burden but Deloitte is now hoping to restructure the business.

Insolvency News understands that Prontaprint will now be run as a licensed business as opposed to the franchise model it had operated as previously.

All 30 staff working for On Demand Communications have been made redundant and the company’s main switchboard number now has a recorded message saying the offices are closed.

On Demand Communications group was embroiled in a legal battle back at the beginning of the summer centred on claims that it provided a lack of support to its franchisees which led to 40 franchisees leaving the business after a two day mediation process.

Until the recent economic downturn, Prontaprint had been doing well. Back in 2007, the group declared profits of around £0.5 million which rose to £1.2 million in 2008.

Mazars had previously handled the audit for Prontaprint, Kall Kwik and On Demand Communications Ltd.

Insolvency News contacted Deloitte 24 hours ago for a statement, although the company has yet to issue a comment.

It is understood a statement will be released later today.

By Joe McGrath

 

 

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