It has emerged that thousands of pounds are owed by BHS to printers while ahead of them is a long queue of creditors including the Inland Revenue, VAT, the banks, the landlords and of course around 11,000 staff employed directly or indirectly by the firm.
Ian Carrott of the print credit outfit ICSM says that considering that BHS owes around £48m, the print industry has got off lightly. But still, a report from the company shows that the following PSPs have potentially lost out: Clicks £10.8k; Image Data Group £4.1k;?Image Factory Retail Graphics £4.2k; Kolorkraft £20k; N J Screenprint £35.9; Showcard Print £32.3k; SP Group £11k; Superior Creative £13.7k; and Tapestry MM £7.3k (Photo BG).?
Carrott said: “For once the print sector got off lightly, with a total of £217.3k split between ten companies from the print sector. Mind you that’s still an average of £21.7k each, so at an individual level may well be quite significant.”
Currently BHS is in administration and is likely to be wound up this summer despite continued rumours of a buy-out. BHS's administrators Duff and Phelps have said they have failed to find a buyer and that all 163 stores would be holding closing sales over the coming weeks. Unsecured creditors will share in a dividend of what’s left after the secured creditors have been paid.