Jobs secured at printing companies following management buyout

Around 22 jobs have been secured at two printing companies in Swindon following a successful management buyout, a recent news report in the local business media has been able to reveal.

Vertical Trading Ltd and Corinium Continuous Ltd were both subsidiaries of Multisets (UK) Ltd. and were in danger of going under administration after another subsidiary suffered the same fate.

The firms have now been bought through a new holding company Vertical Trading (Europe) Ltd (VTE) in a deal led by the corporate finance team at accountancy firm Bishop Fleming.

Martin Pulley, chief executive of VTE, said: "I am really pleased that we have completed this MBO. Although this has been a tough time for the business, we have protected 22 jobs in the company and have given it the best possible chance to succeed into the future.

"Both businesses have been trading well throughout the period and I have been overwhelmed by the reaction from our suppliers and customers for which I offer our thanks for their support, and give my commitment to continued quality printing based here in Swindon."

Any restructuring and operations’ streamlining processes are never good for employees and the respective companies’ HR departments, but Time & Attendance South West can help firms navigate easier through these troubled times.

Our systems are user-friendly, innovative and designed for the working environment. They also offer a wide array of features, such as support for contactless smart cards (which would really come in handy in a busy, dusty construction environment), as well as optional finger print biometrics and mobile phone SIM card support.

Moreover, the multi-user, networked, multi site Time and Attendance, Access Control, Fire Roll Call and security system includes European Working Time Directive checking and reporting and allows administrators to save up to 2000 employees, supports extensive shift management and payroll-related operations, the allocation of various pay bands, and much more.

If you’d like to find out more about the extensive range of solutions supplied by Time & Attendance South West, just contact us, we’ll be more than happy to answer any question or query you might have.