Directors ‘had to be realistic’ in Colchester Print Group closure
The chief executive of a printing firm with offices in Attleborough and Bury St Edmunds which closed this month says he is “very sad” at disbanding a “great team.”
The Colchester Print Group, which operated out of the Haverscroft Industrial Estate in Attleborough and first began on April 1, 1976 as Breckland Print, went into liquidation earlier this month, with the loss of 35 jobs.
Philip Colchester, managing director of the Colchester Print Group, said: “It’s very sad to disband a great team but unfortunately the directors had to be realistic in that passion and enthusiasm is not enough when there is little or no prospect of our order intake improving to a sustainable level.”
The group acquired Moreton Hall Press, based in Bury St Edmunds, in 1999, and became Colchester Print. Two years ago, the firm moved into employee ownership in a bid to secure its future.