Dundee-based company, TayPrint Ltd. goes into Liquidation
Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed as joint provisional liquidators.
Based at West Gourdie Industrial Estate, Tayprint was a family business which specialised in wide format and garment printing. A total of 21 staff have lost their jobs.
Begbies Traynor said the company has seen its sector declining in recent years and the business’s financial difficulties have been exacerbated by the impact of the pandemic.
He said: “Like many sectors, the printing industry has suffered from the series of lockdowns. Unfortunately, this has proved to be the final straw for this long-established family business.
“As well as liaising with staff and customers to keep them informed of the situation, we are also currently in the process of realising any assets we can to provide the best return for creditors.”
Source: Scottish financial news