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Thursday, 15 January 2009 14:30

Buyers sought for Nor-Screen

Nor-Screen, trading as NSL Integrated Print Solutions, has gone into administration.

The Newcastle-based large-format company is continuing to trade while buyers are being sought, but 22 of the 85 jobs have already been lost including that of managing director Duncan Hesse whose father Bill Hesse formed the company in 1972.

NSL, which specialises in POS, 3D design and outdoor advertising, is one of the north-east’s biggest large-format digital, screen and litho printers with a 75,000 sq ft purpose built factory on the New York Industrial Estate in Newcastle into which it moved in 1998. The £10m turnover company’s directors called in the administrators after falling into the red and failing to win an anticipated £1m contract from Dixon/Currys.

Ian Brown and Neil Matthews of Deloitte LLP were appointed as joint administrators of the company on 5 January and advertised the business for sale in the Financial Times on 6 January. Interested has been shown and though a deadline has not been placed on offers it is expected that a decision will be made by the end of January.

The remaining staff are continuing to complete orders and it is understood that staff level will be able to cope with £7.5 - £9m worth of business.

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