New Jarrold Printing Limited buyer required

The joint administrators of New Jarrold Printing Limited (NJP) continue in their efforts to seek a buyer as a going concern and there are a number of interested parties.

The joint administrators of New Jarrold Printing Limited (NJP), Stephen Oldfield, Colin Haig and David Chubb of PricewaterhouseCoopers LLP continue in their efforts to seek a buyer as a going concern and there are a number of interested parties.

Stephen Oldfield, joint administrator and partner at PricewaterhouseCoopers LLP, said: "We are continuing with our efforts to sell the business as a going concern and the support of employees, customers and suppliers remains critical to our efforts to do so".

"There remains hope in rescuing the business and a number of parties are currently conducting due diligence with a view to confirming their interest.

This process can take some time to complete.

The existing landlord, Jarrold and Son, has been able to offer some criteria by which part of the current site can be occupied beyond the current lease expiry of 31 January 2007." "Those interested parties that have been able to agree outline terms with the current landlord are now seeking to find new premises for the business".

"In this regard since the announcement of the administration on 1 August, the local authorities have been actively working to identify alternative sites that meet the business requirements and this work is progressing constructively.".

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