1. ITV Report

Jobs lost after Borders printing company goes into liquidation

Meigle Colour Printers was founded more than 40 years ago Photo: ITV Border

A printing company in the Scottish Borders has gone into liquidation with the loss of 15 jobs.

The family-owned Meigle Colour Printers was founded more than 40 years ago.

The company claims that in recent years the business has faced challenges, including the shift from printed to digital media.

It says the rising costs of material has resulted in trading losses and cash flow pressures.

With no access to funding, the auditor KPMG said it had "no option" but to cease trading immediately and make the employees redundant.

The Head of Restructuring for KPMG and Joint Provisional Liquidator said:

It is sad to see another printing firm, particularly one as well established as Meigle, enter liquidation, with the loss of employment to the Scottish Borders.

We will do everything we can to seek a buyer for the Company’s assets to maximise recoveries for creditors.

We would encourage any party who has an interest in acquiring the Company’s assets, which include high quality printing equipment, stock and the brand name, to contact us as soon as possible.

KPMG is working with the employees and the relevant government agencies to ensure that the full range of support is available to all those affected.”

– Blair Nimmo, Head of Restructuring, KPMG