Half Yearly Report

RNS Number : 2257C
Printing.com plc
10 November 2009
 



FOR RELEASE

7.00 AM

10 NOVEMBER 2009



Printing.com plc

("Printing.com" or "the Company")


Specialist retail chain with 290 Outlets open and pending across the UK & Ireland


Unaudited Interim Results for the period ended 30 September 2009



Six months

Six months



ended

ended



30 September

30 September



2009

2008

Change





Total Retail Sales*

£13.18m

£13.17m

+0.1%





Turnover

£7.13m

£7.18m

(0.7)%

EBITDA

£1.56m

£1.64m

(4.9)%

Profit before tax

£0.87m

£1.02m

(14.7)%





EPS - Basic

1.41p

1.61p

(12.4)%

EPS - Fully Diluted

1.41p

1.59p

(11.3)%

Dividend

1.05p

1.05p

-





Capital Expenditure

£0.40m

£0.29m


Net Cash

£1.79m

£2.94m


Net Funds

£0.58m

£0.95m






Total Outlets open and pending at the Period end 

290

271

+7.0%


* Total Retail Sales is the retail sales value of product which goes through the Printing.com network, in the UK and Irelandand for which Printing.com earns revenue.


  • Profitable and cash generative in difficult market conditions

  • Period trading volumes maintained

  • Operational margin slightly lower due to promotional activity and enhanced offers

  • Estate expanded despite market conditions

  • Lower cash balances reflect Special Dividend of £0.89m

  • Interim Dividend maintained

  • Current trading following a similar pattern, albeit slightly lower year on year

  • Cautious in the short term 

  • Remain optimistic for progress as and when the economic situation improves



For further information:


Printing.com plc

Tony Rafferty (Chief Executive)

Alan Roberts (Finance Director)



07966 517 336

0161 848 5713

Cubitt Consulting

Brian Coleman-Smith / Nicola Krafft / James Verstringhe


020 7367 100

Brewin Dolphin Ltd (Nominated Adviser)


Mark Brady

0845 213 4730


Background note:


Printing.com


In the UKIreland & France Printing.com offers a broad product range including leaflets, booklets, postcards, promotional cards, invitations, letterheads and business cards to consumers and small and medium sized companies. Unlike its competitors, Printing.com's Stores and Franchises do not depend on any printing equipment on site. The Group's printing and ancillary equipment is based at the centralised Production Hub with the head office in Manchester. All work is produced in full four colour rather than two colour. The printing sector has traditionally been served by smaller printing companies or other On Demand Printers and is estimated to be worth some £1- £2 billion.


Printing.com has three routes to market: Franchise Stores, Bolt-on Franchises and Company owned Stores.


A complete list of Printing.com's active Outlets in the UK & Ireland is included at the end of the release.



  






Printing.com plc

("Printing.com" or "the Company")


Specialist retail chain with 290 Outlets open and pending across the UK & Ireland


Unaudited Interim Results for the period ended 30 September 2009


Chairman's & Chief Executive's Statement


Trading Results, Cash and Dividend


During the Interim Period, covering the 6 months ended 30 September 2009, your Company recorded a Pre Tax Profit of £0.87m (2008: £1.02m); a decrease of £0.15m.


Of this decrease, £0.10m reflects some erosion of operational marginattributable to increased discounting and promotional activity and a drop in financial income of £0.05m, due to lower interest rates and deposit balances. 


Total Retail Sales (TRS), the measure that we believe best indicates transactional volumes, increased marginally by 0.1% to £13.18m (2008: £13.17m). Turnover decreased by 0.7% to £7.13m (2008: £7.18m).


Aside from the Final Dividend totalling £0.93m (paid 23 July) your Board elected to return additional funds to shareholders by means of a Special Dividend, totalling £0.89m (paid 26 June). This additional return of funds is reflected in the Company's lower net assets and cash balances


At 30 September, the Company had cash-in-hand of £1.79m (2008; £2.94m).  Cash generated by operating activities was £0.99m (2008: £1.19m). During the Period working capital increased by £0.25mthe Company paid dividends of £1.82m (2008: £0.89m) and made capital expenditure of £0.40m (2008: £0.29m), principally being the ongoing investment in its Flyerlink software. Net funds at the close of the period were £0.58m (2008: £0.95m).


The Directors are declaring an Interim Dividend of 1.05per share to be paid on 11 December 2009 to shareholders on the register at 20 November 2009.



Current Trading


Post the last update, trading has followed a similar pattern, however it remains at a level slightly below that of the previous year


  

Estate Development


Notwithstanding the difficult trading conditions, during the period, your Company was able to record a net increase of seven outletsacross the UK and Ireland


Overall, our objective remains the expansion of the network to a level in excess of 300 outlets by the close of the current fiscal year. 


 
30 September
2009
30 September
2008
31 March
2009
 
Company owned Stores
 
7
6
7
Territory Franchise Stores
 
32
37
35
 
Bolt-on & Boutique Franchises
251
228
241
 
 
 
 
Total Outlets open and pending
290
271
283


 


Like for Like


The Printing.com like for like metric takes into account the growth of turnover in defined Territories (in geographic terms outside of London these are typically the size of a county) embracing not only the Store, but also the Bolt-on Franchises under the umbrella of the Territory. Only Territories with Stores that have been operational for over three years are included.


Reflecting the more challenging trading conditions, like for like growth proved negative during the interim period (2.47)% versus growth of 16.3% for the similar period last year.


International Development


Printing.com's New Zealand Master Licence partner continues to make progress albeit the limited population of the country ultimately puts a constraint on the earning potential. Our US partners, following on from their launch earlier this year, continue with their endeavours to establish Printing.com across Florida and GeorgiaWe remain optimistic for the potential of the Printing.com concept throughout the wider USA


Your Company previously reported its intention to establish two directly owned outlets in France. Premises for the first outlet are on the cusp of being secured with an anticipated launch in early 2010. Across the French network, whilst still at an early stage, encouraging trading patterns continue to be established and we remain optimistic for further progress


By mutual agreement, the Company's Master Licence in Iceland has been terminated. 


Network Partners and Websites


These initiatives were centred on the logic for supplying additional printed products (pens, work apparel and promotional merchandise) supplied by third party producers, along with enterprise level websites. 


Over the Interim Period, both of these offerings have been enhanced, additional training delivered and rolled out across the Printing.com UK network. Having made this investment, we remain optimistic that moving forward these initiatives will make a modest yet worthwhile contribution



Outlook


At the outset of the current financial year, certain forecasts suggested a return to economic growth in the UK by this juncture; recent data suggests that this has not been the case. In common with wider economic indicators, the Company's Franchisees continue to report cautious market sentiment. 


To counteract these difficult conditions, the Printing.com offering has been enhanced by more potent promotional pricingWhilst operational efficiencies have mitigated the full impact of this strategy, some erosion of operational margin has, and continues to be, encountered.  


Whilst conditions remain challenging, it is without doubt that the Printing.com model is faring better than the printing sector at large and is, to the best of our knowledge, the only printing franchise to report a growth in its estate of late. Also the confidence to pay an additional Special Dividend (during the Interim Period), coupled with your Company's absence of net debt and continued cash generation, highlights the robustness of the Printing.com business model. 


Accordingly, it is appropriate for us to remain cautious in the short term but to reiterate the previous sentiment, we believe that, as and when the economic situation across the UK and Ireland improves, Printing.com will be well placed to capitalise on its position. 




George Hardie

Chairman

10 November 2009


Tony Rafferty

Chief Executive

10 November 2009


  

Printing.com plc

("Printing.com" or "the Company")


Specialist retail chain with 290 Outlets open and pending across the UK & Ireland


Unaudited Interim Results for the period ended 30 September 2009



Consolidated Statement of Comprehensive Income

for the six months ended 30 September 2009


 
Note
Unaudited
Unaudited
 
 
 
 
Six months to 30 September 2009
Six months to 30 September 2008
Year ended
31 March 2009
 
 
£000
£000
£000
 
 
 
 
 
Revenue
 
7,131
7,177
14,468
Changes in stocks of finished goods
 
8
11
1
Raw materials and consumables used
 
(2,417)
(2,377)
(4,727)
 
 
             
             
             
Gross profit
 
4,722
4,811
9,742
Staff costs
 
(1,866)
(1,882)
(3,598)
Other operating charges
 
(1,300)
(1,289)
(2,877)
Depreciation and amortisation
 
(684)
(669)
(1,334)
 
 
             
             
             
Operating profit
 
872
971
1,933
Financial income
 
37
110
238
Financial expenses
 
(39)
(61)
(108)
 
 
             
             
             
Net financing (expense)/ income
 
(2)
49
130
 
 
             
             
             
Profit before tax
 
870
1,020
2,063
Taxation
4
(244)
(303)
(603)
 
 
 
 
 
Profit for the period
 
626
717
1,460
 
 
 
 
 
Other comprehensive income for the period
 
-
-
-
 
 
 
 
 
Total comprehensive income for the period
 
626
717
1,460
 
 
             
             
             
 
 
 
 
 
Basic earnings per share
5
1.41p
1.61p
3.28p
Diluted earnings per share
5
1.41p
1.59p
3.27p

 

  Consolidated Statement of Financial Position 

at 30 September 2009

 

 
 Unaudited
 Unaudited
 
 
30 September 2009
30 September 2008
31 March
2009
 
£000
£000
£000
Non-current assets
 
 
 
Property, plant and equipment
4,044
4,759
4,328
Intangible assets
1,279
1,213
1,283
Deferred tax assets
2
25
2
Other receivables
192
355
253
 
             
             
             
Total non-current assets
5,517
6,352
5,866
 
             
             
             
Current assets
 
 
 
Inventories
128
120
110
Trade and other receivables
3,715
3,476
3,313
Cash and cash equivalents
1,786
2,937
3,391
 
             
             
             
Total current assets
5,629
6,533
6,814
 
             
             
             
Total assets
11,146
12,885
12,680
 
             
             
             
Current liabilities
 
 
 
Other interest-bearing loans and borrowings
(679)
(727)
(689)
Trade and other payables
(2,291)
(2,005)
(1,887)
Current tax payable
(273)
(311)
(370)
Accruals and deferred income
(834)
(968)
(1,057)
Other liabilities
(95)
(151)
(165)
 
             
             
             
Total current liabilities
(4,172)
(4,162)
(4,168)
 
             
             
             
Non-current liabilities
 
 
 
Other interest-bearing loans and borrowings
(531)
(1,256)
(889)
Deferred tax liabilities
(577)
(678)
(557)
 
             
             
             
Total non-current liabilities
(1,108)
(1,934)
(1,446)
 
             
             
              
Total liabilities
(5,280)
(6,096)
(5,614)
 
             
             
             
Net assets
5,866
6,789
7,066
 
             
             
             
Equity
 
 
 
Share capital
450
450
450
Share premium
3,881
3,871
3,881
Merger reserve
211
211
211
Retained earnings
1,324
2,257
2,524
 
             
             
             
Total equity
5,866
6,789
7,066
 
             
             
             

 

Consolidated Statement of Changes in Shareholders Equity 

for the six months ended 30 September 2009 (unaudited)



Share

Capital

Share

Premium

Merger

reserve

Retained

earnings


Total


£000

£000

£000

£000

£000







Opening shareholders' funds at 1 April 2008

450

3,871

211

2,626

7,158







Profit for the period

-

-

-

717

717

Dividends paid

-

-

-

(892)

(892)







Total recognised income and (expense)

-

-

-

(175)

(175)

Equity settled share based payments




(2)

(2)

Own shares acquired

-

-

-

(257)

(257)

Shares issued from Treasury

-

-

-

65

65


   

   

   



Total movement in shareholders' funds 

-

-

-

(369)

(369)







Closing shareholders' funds at 30 September 2008

450

3,871

211

2,257

6,789







Opening shareholders' funds at 1 October 2008

450

3,871

211

2,257

6,789







Profit for the period

-

-

-

743

743

Dividends paid

-

-

-

(472)

(472)


-

-

-



Total recognised income and (expense)

-

-

-

271

271

Equity settled share based payments

-

-

-

2

2

Own shares acquired

-

-

-

(6)

(6)

Shares issued

-

10

-

-

10







Total movement in shareholders' funds 

-

-

-

267

277







Closing shareholders' funds at 31 March 2009

450

3,881

211

2,524

7,066













Opening shareholders' funds at 1 April 2009

450

3,881

211

2,524

7,066







Profit for the period

-

-

-

627

627

Dividends paid

-

-

-

(1,818)

(1,818)







Total recognised income and (expense)

-

-

-

(1,191)

(1,191)

Foreign Exchange Differences

-

-

-

(9)

(9)

Own shares acquired

-

-

-

-

-

Shares issued from treasury

-

-

-

-


   

   

   

   

   

Total movement in shareholders' funds 

-

-

-

(1,200)

(1,200)







Closing shareholders' funds at 30 September 2009

450

3,871

211

1,334

5,866


  Consolidated Statement of Cash Flows

for the six months ended 30 September 2009 

 

 
Unaudited
Unaudited
 
 
Six months to 30 September
 2009
Six months to 30 September
 2008
Year ended
31 March
 2009
 
£000
£000
£000
Cash flows from operating activities
 
 
 
Profit for the year
626
717
1,460
Adjustments for:
 
 
 
Depreciation, amortisation and impairment
684
669
1,334
Financial income
(37)
(110)
(238)
Financial expense
39
61
108
Exchange gain
-
-
61
Gain on sale of property, plant and equipment
 
 
2
Equity settled share-based payment expenses
-
-
-
Taxation
244
303
603
 
              
             
             
Operating profit before changes in working capital and provisions
1,556
1,640
3,330
(Increase)/ decrease in trade and other receivables
(342)
(151)
114
Increase in inventories
(18)
(11)
(1)
Increase in trade and other payables
111
89
76
 
             
             
             
Cash generated from the operations
1,307
1,567
3,519
Tax paid
 (321)
 (376)
(715)
 
             
             
             
Net cash inflow from operating activities
986
1,191
2,804
 
             
             
             
Cash flows from investing activities
 
 
 
Interest received
37
110
177
Acquisition of property, plant and equipment
(197)
(40)
(70)
Capitalised development expenditure
(199)
(247)
(522)
Sale of property, plant and equipment
-
-
9
 
             
             
             
Net cash outflow from investing activities
(359)
(177)
(406)
 
             
             
             
Cash flows from financing activities
 
 
 
Proceeds from the issue of share capital
-
65
65
Purchase of own shares
(257)
(263)
Interest paid
(38)
(61)
(108)
Payment of finance lease liabilities
(368)
(434)
(839)
Advances on finance leases
-
-
-
Payment of equity dividend
(1,818)
(892)
(1,364)
 
             
              
             
Net cash outflow from financing activities
(2,224)
(1,579)
(2,509)
 
             
             
             
Net decrease in cash and cash equivalents
(1,597)
(565)
(111)
Exchange differences on cash and cash equivalents
(8)
-
-
Cash and cash equivalents at start of period
3,391
3,502
3,502
 
             
             
             
Cash and cash equivalents at end of period
1,786
2,937
3,391

 

 

Notes 

(forming part of the interim financial statements)

 

1    Basis of preparation

Printing.com plc (the "Company") is a company incorporated and domiciled in the UK

The Group financial statements are authorised for issue by the Board of Directors on 10 November 2009.  European Union law (EULAW) (IAS Regulation EC 1606/2002) requires that the financial statements of the Group are prepared in accordance with International Financial Reporting Standards as adopted by the EU (EU-IFRS).  The financial statements have been prepared on the basis of the recognition and measurement requirements of EU-IFRS that are endorsed by the EU and effective at 30 September 2009.

These financial statements do not include all information required for full annual financial statements, and should be read in conjunction with the financial statements of the Group as at and for the year ended 31 March 2009.  

 

2      Significant accounting policies

 

Except as described below, the accounting policies applied by the Group in these condensed consolidated interim financial statements are the same as those applied by the Group in its consolidated financial statements as at and for the year ended 31 March 2009.


a)    Determination and presentation of operating segments


As of 1 April 2009 the Group determines and presents operating segments based on the information that internally is provided to the CEO, who is the Group's chief operating decision maker. This change in accounting policy is due to the adoption of IFRS 8 Operating Segments. Previously operating segments were determined and presented in accordance with IAS 14 Segment Reporting. The new accounting policy in respect of segment operating disclosures is presented as follows.


Comparative segment information has been re-presented in conformity with the transitional requirements of IFRS 8. Since the change in accounting policy only impacts presentation and disclosure aspects, there is no impact on earnings per share.


An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group's other components. An operating segment's operating results are reviewed regularly by the CEO to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available.


Segment results that are reported to the CEO include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly corporate assets (primarily the Company's headquarters), head office expenses, and income tax assets and liabilities.

Segment capital expenditure is the total cost incurred during the period to acquire property, plant and equipment, and intangible assets other than goodwill.


  

b)    Presentation of financial statements


The Group applies revised IAS 1 Presentation of Financial Statements (2007), which became effective as of 1 April 2009. As a result, the Group presents in the consolidated statement of changes in equity all owner changes in equity, whereas all non-owner changes in equity are presented in the consolidated statement of comprehensive income. This presentation has been applied in these condensed interim financial statements as of and for the six months period ended on 30 September 2009.


Comparative information has been re-presented so that it also is in conformity with the revised standard. Since the change in accounting policy only impacts presentation aspects, there is no impact on earnings per share.

 

 

3        Segmental analysis


In adopting IFRS 8 - Operating Segments for the first time, the Group has disclosed two reportable segments, being Printing services and Franchise income. This disclosure correlates with the information which is presented to the Group's Chief Decision Maker, the CEO, which reviews revenues by segment, but margin, operating costs and assets at a consolidated level. 


 
 
 
Printing services  
Franchise Income
Total
 
 
 
£000
£000
£000
Period ended 30 September 2008
 
 
 
 
 
Segment revenues
 
 
 6,672
505
7,177 
 
 
 
            
            
            
Operating expenses
 
 
 
 
(6,206) 
 
 
 
 
 
            
Results from operating activities
 
 
 
 
971
Net finance costs
 
 
 
 
49
 
 
 
 
 
            
Profit before tax
 
 
 
 
1,020
Tax
 
 
 
 
(303)
Profit for the period
 
 
 
 
717
 
 
 
 
 
            
Assets
 
 
 
 
 
Unallocated assets
 
 
 
 
6,789
 
 
            



3       Segmental analysis (continued)

 
 
 
Printing services  
Franchise Income
Total
 
 
 
£000
£000
£000
Period ended 30 September 2009
 
 
 
 
 
Segment revenues
 
 
   6,620
511
7,131 
 
 
 
            
            
            
Operating expenses
 
 
 
 
 (6,259) 
 
 
 
 
 
            
Results from operating activities
 
 
 
 
872
Net finance costs
 
 
 
 
(2)
 
 
 
 
 
            
 
 
 
 
 
 
Profit before tax
 
 
 
 
870
Tax
 
 
 
 
(244)
Profit for the period
 
 
 
 
626
 
 
 
 
 
            
Assets
 
 
 
 
 
Unallocated assets
 
 
 
 
5,866
 
 
 
 
 
            


 

4       Taxation

The tax charge is based on the base tax rate of 28% (six month period ended 30 September 2008: 29.7%).

 

5   Earnings per share

 

The calculation of the basic earnings per share is based on the profit after taxation divided by the weighted average number of shares in issue, being 44,349,76(period ended 30 September 2008:44,597,883; year ended 31 March 2009: 44,485,293).  


The diluted earnings per share takes the weighted average number of ordinary shares in issue during the period and adjusts this for dilutive impact of share options existing at the period end. The diluted weighted average number of shares in the period ended 30 September 2009 was 44,529,385 (period ended 30 September 2008: 45,148,821; year ended 31March 2009: 44,701,623).  The profit used in the diluted earnings per share is based on profit after taxation. 

  Independent Review Report to Printing.com plc


Introduction


We have been engaged by the company to review the condensed set of financial statements in the half-yearly report for the six months ended 30 September 2009 which comprises Consolidated Statement of Financial Position, Consolidated Statement of Comprehensive Income,, Consolidated Statement of Changes in Shareholders' equity, the Consolidated Statement of Cash Flows and the related explanatory notes. We have read the other information contained in the half-yearly report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.


This report is made solely to the company in accordance with the terms of our engagement. Our review has been undertaken so that we might state to the company those matters we are required to state to it in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company for our review work, for this report, or for the conclusions we have reached.


Directors' responsibilities


The half-yearly report is the responsibility of, and has been approved by, the directors. The directors are responsible for preparing the half-yearly report in accordance with the AIM Rules.

The annual financial statements of the Group are prepared in accordance with IFRSs as adopted by the EU. The condensed set of financial statements included in this half-yearly report has been prepared in accordance with the recognition and measurement requirements of IFRSs as adopted by the EU.


Our responsibility


Our responsibility is to express to the company a conclusion on the condensed set of financial statements in the half-yearly report based on our review.


Scope of review

We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued by the Auditing Practices Board for use in the UK. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.


Conclusion


Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the half-yearly report for the six months ended 30 September 2009 is not prepared, in all material respects, in accordance with the recognition and measurement requirements of IFRSs as adopted by the EU and the AIM Rules.




Stuart Burdass

for and on behalf of KPMG Audit Plc

Chartered Accountants

St James' Square
Manchester, M2 6DS

  

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Region

Town

Post Code





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Datatron Limited

Central England

Lichfield 

WS13 6LL

For Colour Ltd

Central England

Lincoln

LN2 4US

Trident Design & Print

Central England

Lutterworth

LE17 4EE

Oakley Media

Central England

Lutterworth 

LE17 4JA

Queensway Print

Central England

Milton Keynes

MK1 1LS

For Colour 

Central England

NewarkNottingham

NG24 1LE

Northampton Store

Central England

Northampton

NN1 5QJ

Custard Creative

Central England

Northampton

NN3 6WL

Nottingham Store

Central England

Nottingham

L2 2HF

Peterborough Store

Central England

Peterborough

PE2 8AN

ITS-Ideas Taking Shape Ltd

Central England

Rugby

CV21 2SD

Amethyst Consultancy

Central England

Sleaford Lincolnshire 

LN4 3QH

Boomerang Print Design Ltd

Central England

Solihull

B91 3RT

Runtime Print Ltd

Central England

Telford

TF2 8AJ

The Studio Marketing Design & Print

Central England

Tettenhall

WV6 8QH

Wolverhampton Store

Central England

Wolverhampton

WV1 4BL

Red Hot Media

East

Lowestoft

NR33 0AA

Goldengate Productions

East

Suffolk

IP30 9QS

Keith Nolan Limited

Ireland

Athlone

EE1 1EE

Kwik Kopy

Ireland

Ballymena

BT43 6EB

Malik Bond

Ireland

Belfast - South

BT7 2JA

Twist Design

Ireland

County Donegal

EE1 1EE

Dublin Store

Ireland

Dublin

Dublin 2

Trivium Limited

Ireland

Maynooth - Coun

EE1 1EE

Creative State Limited

Ireland

Naas - County K

EE1 1EE

Desktop

Ireland

Omagh 

BT78 1DW

Tullow Manufacturing Limited

Ireland

Tullow

EE1 1EE

Thomas Hughes & Sons Ltd

Ireland

Wexford

EE1 1EE

Central London Store

London

Baker Street

BS1 3LZ

Alpha to Omega

London

Beckenham

BR3 3HX

Plug and Play Design

London

Bramley

GU6 8JJ

Fireworks Design and Print

London

Catford

FK9 5GQ

Blank Canvas Design & Print

London

Chigwell, Essex

IG7 5PD

DNA Creative

London

Clapham

SW11 1TH

City & Clerkenwell Store

London

Clerkenwell

EC1M 5QA

Print Express

London

Colindale 

NW9 5DL

Last Print LLP

London

Docklands E16

E14 0JY

Ealing Store

London

Ealing

W13 8SB

0800 Promote Ltd

London

Finchley

N3 1TR

Creekside Press

London

Greenwich

SE10 9QX

Guildford Store

London

Guildford

GU2 4BE

Colour Division

London

Hampstead

NW6 1SD

Digipix Ilford

London

Ilford

IG1 4DU

Envisualise Ltd

London

Kingston

KT2 6LX

London Office Services

London

London 

W1G 8JR

WestEast Desgn and Print

London

London - Hammersmith

W6 9NH

1st Creative

London

London SE1

SE1 3ER

Expocentric Communication Ctrs

London

Mayfair

W1S 4LW

Latitude Graphic Design

London

Mortlake- London 

SW14 8JN

Endgold Ltd

London

Nottinghill

W11 3HT

Orpington Store

London

Orpington

BR6 0JY

Cre8Business Image

London

Potters Bar

EN6 5AS

Reading Store

London

Reading

RG1 4QA

JIA Events

London

Rickmansworth

ND3 3EN

Ditto Office Services Ltd

London

Sevenoaks

TN13 1AS

London Print Compamy

London

Shaftesbury Avenue

WC2H 8EB

i2i Marketing

London

Shortlands

BR2 0DN

Promoworx

London

South Woodford E8

E18 2QL

Toppers Print & Design Ltd

London

Stevenage

SG1 3HR

AK Design & Print

London

Swiss Cottage

NW3 6JP

Kink Design

London

Thornton Heath

EC2A 3LT

Wernham Printers Ltd

London

Tottenham

N17 6QD

FiveFish Limited

London

Twickenham

TW12 1JT

Printroomsoho Ltd

London

Wardour Street

W1F 0TS

Watford Store

London

Watford

WD17 1RA

Medialink World

London

Whtechapel

E1 1HL

Creographics

London

Wimbledon

SW19 8TY

  

Centrepoint Print

Midlands

Birmingham - Erdington

B23 6LR

Colour Graphics

Midlands

Burntwood

WS7 3GL

Cambridge Graphics

Midlands

Great Cambourne

CB23 5BH

RDS Networks

Midlands

Hall Green

B28 8AS

Pixel Design

Midlands

Kidderminster

DY11 6XB

Kaleidoscope Press Ltd

Midlands

Leamington Spa

CV33 9GX

Photoprint

Midlands

Leek

ST13 5JH

Ozmedia Print Solutions

Midlands

Loughborough

LE11 5AA

Pewter Design

Midlands

Market Harborough

LE16 7DS

Interactive Marketing

Midlands

Meregreen

B1 3ND

St Ives Quickprint Ltd.

Midlands

St Ives

PE27 3WS

Rhubarb & Custard

Midlands

Sutton Coldfield

B72 1NE

Modus Print

Midlands

Worcester

WR1 1JZ

Coastal Colour

North East

Amble, Northumberland

NE65 0BZ

Documentshop.com limited

North East

Barnsley

S70 2HG

Smart Card International Limited

North East

Beverley

HU17 0TB

FRO Print

North East

Birtley, County Durham

DH3 2QG

Fountains Associates Limited

North East

Bishop Auckland

DL14 7EL

Dark Matter Design

North East

Bishop Auckland

DL14 7EL

Bradford Store

North East

Bradford

BD1 3BA

MAD Publications

North East

Bradford

BD10 9TQ

Alpha Duplication

North East

Castleford

WF10 5HW

John Siddall (Printers) Ltd

North East

Cleckheaton

BD19 3JL

RT Design

North East

Consett

DH8 6BP

Doncaster Store

North East

Doncaster

DN1 1HT

Tigher Limited

North East

Durham

DH1 1RF

Washington Direct Mail

North East

Gateshead

NE11 0SH

Feel Design

North East

Goldsborough

HG5 8NJ

Loyalty Matters Ltd

North East

Harrogate

HG3 2XA

Winny Limited

North East

Hartlepool 

TS25 5TG

Peter Matthews Limited

North East

Huddersfield

HD8 0NQ

Pink Custard Design Ltd

North East

Hull

HU1 1PS

Ryedale Printing Works Ltd

North East

Kirbymoorside

YO62 6YB

Leeds Store

North East

Leeds

LS1 3DL

The Factory Partnership Ltd

North East

Leeds

LS12 2DS

Ideas Start Here Ltd

North East

Leeds

LS8 2HU

Middlesbrough Store

North East

Middlesbrough

TS1 1LY

Mix Marketing Ltd

North East

Mirfield

WF14 8AH

Stait Photography

North East

Morpeth

NE61 1HE

Newcastle Store

North East

Newcastle

B5 4JL

Direct Business Products

North East

Newcastle

NE12 9UP

Native Print

North East

Newcastle - Heaton

NE6 5HL

Via Creative Consultants Ltd

North East

Redcar

TS10 5SH

Bluprint

North East

Rotheram

S60 2LZ

Desk Top Publishing Ltd

North East

Scunthorpe

DN15 6LJ

Sheffield Store

North East

Sheffield

S1 4GF

Runway 24

North East

Sheffield - Hillsborough

S6 4GH

Brightstar Creative

North East

Sheffield - West

S2 4QZ

Rare Creative

North East

Sheffield North

S3 8GG

Marckell Business Solutions Ltd

North East

South Shields

NE33 1TL

Stuart Lockerbie T/A Maskerade.

North East

Sunderland

SR2 7PR

G3 Advertising

North East

Thirsk

Y07 1HL

Goweb Print Ltd

North East

Wakefield

WF2 9BL

Colour Box Design Company Ltd

North East

York 

YO24 1AR

Thw Brackenhill Group

North East

York East

YO41 4DF

ER Design & Print Service Ltd

North West

Alsager

CW2 7AX

Ardwick - One21 Designs

North West

Ardwick

M12 6JH

Rhino Design

North West

Ashton-under-Lyne

OL6 6XJ

Gud Design Ltd

North West

Birkenhead - Ea

CH41 1EU

Fluid Creative

North West

Blackburn

BB2 1AR

Granthams

North West

Blackpool

FY1 4PE

Print Hub Design

North West

Bolton

BL1 3QN

Digeridoo

North West

Bolton

BL7 9NY

Moorish Idol

North West

Bolton - South

BL3 5AB

Wild Thang

North West

Bootle

L20 8LQ

Printing Matrix 

North West

BramptonCarlisle

CA8 1SW

Swantoon

North West

Burnley

BB10 2TP

Fluidmedia.net Ltd

North West

Bury

BL9 0LL

Brightspark Design & Print

North West

Carlisle

CA2 7AJ

RAS Limited

North West

Chester

CH3 5AG

McVery's

North West

Chorley

PR7 2AA

William Seabrook Associates Ltd

North West

Chorlton - Manchester

M21 8UP

Kingfisher Print

North West

Clayton-le-Moors

BB5 5JQ

Northstar Creative Design & Advertising LLP

North West

Colne

BB8 9BD

Mail Boxes Etc

North West

Didsbury

M20 6UG

ScissorsPaperStone

North West

Eccles

M30 8GH

Creativo 

North West

Ellesmere Port

CH65 4FW

First Impression Limited

North West

Glossop

SK13 8ER

Lancaster Store

North West

Lancaster

LA1 1XN

DCT Marketing

North West

Lancaster - Cleveleys

FY5 2DB

Liverpool Store

North West

Liverpool

NE1 4AE

Plinkfizz Limited

North West

Longton

ST3 4HY

Colourful Thinking

North West

Lytham St Annes, Lancashire

FY8 1TB

Infinity Creative

North West

Macclesfield

SK11 6HN

North Manchester Store

North West

Manchester

M4 5AG

Manchester Store

North West

Manchester

LE1 1LB

Alert 2 Media

North West

Manchester

M1 1DZ

Chilli Cactus Limited

North West

Manchester

SK9 1RA

The Agency Creative limited

North West

Manchester

M17 1DZ

Creation Publicity Ltd

North West

Manchester

M17 1DZ

Print Design Warehouse Ltd

North West

Marple

SK8 1DW

Red Fred Limited

North West

Nantwich 

CW5 6PQ

SmartStudios 

North West

North Manchester

M4 4DE

The Creative Hub (UK) Ltd

North West

Ormskirk - Live

L39 3AJ

Granthams

North West

Preston

PR1 2UQ

Daleprint

North West

Rochdale

OL16 2AW

Chris Thew Design & Print Limited

North West

Rossendale

BB4 8EQ

Hashem Media

North West

Sale

M33 6RH

Raduch Design Studios

North West

Salford

SK6 1AY

Impressions Design & Print Ltd

North West

Sandbach - Ches

CW11 1DA

I Design

North West

Southport

PR9 0NS

Masterprint (NW) Ltd

North West

St Helens

WA10 1DH

Davora Limited

North West

Stockport North

SK4 4HY

Impact Digital

North West

Timperley

WA14 1PJ

The Hub

North West

Trafford Park

M17 1FG

AF Reprographic

North West

Tyldesley

M29 8DS

Warrington Store

North West

Warrington

WA1 1EN

Bright Digital Media

North West

Waterloo

L22 0LR

Printel UK Ltd

North West

Widnes

WA8 9LG

Mooney Media Ltd

Northern Ireland

County Down

BT32 3QD

Go Fish Design & Print

Northern Ireland

Lisburn

BT28 1AG

Xpress Printing

Northern Ireland

Newtonabbey

BT36 4PU

The Business Boutique UK Ltd

Scotland

Aberdeen

AB24 5BW

Steptoe Creative Limited

Scotland

Ayr - Scotland

EE1 1EE

Dundee Store

Scotland

Dundee

M3 4EN

Edinburgh Store

Scotland

Edinburgh

S1 4GF

Elevate You Limited

Scotland

Edinburgh

EH11 4EP

Digisnaps Ltd

Scotland

Edinburgh

EH2 2PJ

Glasgow Store

Scotland

Glasgow

NW3 5HS

SPD Print Solutions Ltd

Scotland

Glasgow

G40 4DU

Revolve Design & Print 

Scotland

Glasgow - City

G4 0QR

Motif Design

Scotland

Hamilton

ML3 6DS

Velocity Design

Scotland

Inverness

IV4 7EG

Republique Limited

Scotland

Linlithgow

BN3 3LL

Delta Design Ltd

Scotland

Livingstone

EH54 8PT

Colorgrafix

Scotland

Louth

LN11 9AA

DPI Print

Scotland

New House- Glasgow

ML1 5RX

Glasgow Print

Scotland

North Glasgow

G20 9AY

Creative Concept UK Ltd

Scotland

Paisley

PA1 1TX

South Glasgow Store

Scotland

South Glasgow

G5 9RR

Tangerine Industries Ltd

Scotland

Stirling

FK8 1JW

Brighton Store

South

Brighton

BN1 4JB

Talon Graphics

South

Brighton

CR7 8DD

Tudor Printers Limited

South

Worthing

BN11 1UY

Evolved Media

South East

Acle Norfolk

NR13 3BH

Ashford Store

South East

Ashford

TN24 8UU

Buchanan Dean Design

South East

Beaconsfield 

HP9 2PE

Copyzone

South East

Bishop Stortford

CM23 3DY

Blue Poppy Design

South East

Bristol East 

BS20 0DD

Cambridge Store

South East

Cambridge

CB3 0AX

Think IMG Ltd

South East

Canterbury

CT1 2NR

Studio Direct (Printing) Ltd

South East

Chelmsford

CM2 6JP

Positive Print & Design

South East

Chelmsford 

CM1 1PE

Inprint

South East

Colchester

CO1 1PB

TRS Graphics Ltd

South East

Croydon

CR0 1QR

Jellybean Graphics

South East

Croydon

CR9 6YJ

Ouch Creative

South East

Dereham

NR19 2AW

Print Link

South East

Diss

IP22 4LB

Dorking Print Solutions Ltd

South East

Dorking

RH4 2ES

Field's Copy Shop

South East

Dover 

CT16 1PW

Print 456

South East

Dunstable

LU6 2LD

Accomplice Limited

South East

Hailsham

BN27 1AU

Spartacus Sports

South East

Ipswich

IP4 2BN

JBS Print & Design

South East

Leatherhead

KT22 0AN

Worldwide Service

South East

Luton

LU1 2PL

Grayscale Design

South East

Maidenhead East 

SL6 1HZ

Colourwave Printers

South East

Maidstone

ME16 0JZ

Norwich Store

South East

Norwich

NR1 1PL

Felix Ltd

South East

Rochester

ME2 4HZ

Bourne Graphics

South East

SaltdeanSussex

BN2 8PA

World Wide Service 

South East

Sandy, Bedfordshire

SG19 1AG

Colour Creatives Limited

South East

Sidcup - Kent

DA14 6ES

Head Consulting

South East

Somerton

BA16 0HA

RM Design & Print

South East

Thaxted

CM6 2FE

Propulsion Print Services

South East

Watford North 

WD24 5EJ

Grow Marketing Limited

South East

Whitstable

CT3 4JH

Woking Print & Design

South East

Woking

GU21 7RS

Mailboxes Bath

South West

Bath Central

BA1 2FJ

Bournemouth Store

South West

Bournemouth

BH11 8PN

Proactive

South West

Bournmouth North

BH8 8EZ

Bristol Store

South West

Bristol

EH3 9LY

Imageglossy Ltd

South West

Christchurch

BH23 1QD

Starre Design

South West

Devon - Seaton

EX12 2LS

Exeter Store

South West

Exeter

EX4 3AJ

SDM Productions UK 

South West

Fareham, Hampshire

PO17 5PG

Paw Print Design

South West

Gosport

PO15 7HH

Raphael Design

South West

Lichfield 

WS14 9DX

Bluebird Graphics

South West

Lyme Regis

DT7 3LS

Wessex Direct Ltd

South West

Minehead

TA24 5BJ

Full Colour Store

South West

Newton Abbott

SW6 6SE

Plymouth Store

South West

Plymouth

PL4 0AU

Digital Storm

South West

Poole

BH17 0RU

Elixus

South West

Portsmouth South

PO2 8FA

Neil Cheesewright T/A Chalk and Cheese Design

South West

Ruislip

HA4 6HH

Southampton Store

South West

Southampton

SO15 2AE

Wessex Direct Ltd

South West

Taunton

TA2 6BB

Wessex MAlthouse Direct Ltd

South West

Torquay

TQ1 3AW

DV8media

South West

Totnes 

PL1 3JB

Whitman Design & Print Limited

South West

Truro

TR1 2HE

Anneset Productions

South West

Weston-Super-Mare

BS23 3DE

Draig Design

Wales

Caerphilly

CF83 1JS

Cardiff Store

Wales

Cardiff

CF5 1JF

Australian Welsh

Wales

Cardiff

CF14 3JP

Macs Creative

Wales

Colwyn Bay

LL29 7PA

Colourbox 

Wales

Swansea

SA1 5TY

Parkmill Design

Wales

Swansea - Gower

SA3 2EH



This information is provided by RNS
The company news service from the London Stock Exchange
 
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