Left side advert image
Right side advert image
Super banner advert image
Subscribe to Print Monthly's RSS feed

Enter your email address here to sign up for our weekly newsletter


CMYKhub leaves the UK

After entering the UK market just five years ago, Australian trade printer CMYKhub has decided to close its operations to focus on its Australasian businesses.

Article picture

CMYKhub UK employed around 20 staff

In a statement, the company says the closure was not triggered by financial issues, adding: “It was triggered by our current lease agreement ending in May and followed a detailed assessment of future growth opportunities in the UK based on asset reinvestment requirements, limited revenue returns in a market with aggressive competitors and high cost inputs.”

It went on to add that all UK staff will receive full entitlements under their redundancy and all creditors will be paid in full.

The business is said to be focusing on its Australasian businesses, including recently established DFlow in Indonesia, which is seen as a growth opportunity. CMYKhub is also said to be considering entering the New Zealand market.

"The closure of our UK business is one of the steps in our strategic focus on other opportunities within the Australasian region," says chief executive officer Trent Nankervis.

The closure of our UK business is one of the steps in our strategic focus on other opportunities within the Australasian region

The firm took over the Midlands-based trade printer RCS and moved into its site at Retford.

CMYKhub has secured a “simple and robust solution” with fellow trade printer Where The Trade Buys (part of the Precision Printing Group) to fulfil any orders placed before the closure of the business on April 17th. It is said the firm had around 1,000 active customers.

Where The Trade Buys is also set to acquire the company’s Scodix sensory finishing device, whilst its KBA offset press and other finishing equipment will be sold separately.

If you have a news story, email summer@linkpublishing.co.uk or follow us on Twitter to have your say.

Print printer-friendly version Printable version Send to a friend Contact us

No comments found!  

Sign in:


or create your very own Print Monthly account  to join in with the conversation.

Top Right advert image
Top Right advert image

Poll Vote

Which sector do you see continuing growth in 2019?

Top Right advert image