FRP Advisory secures buyers for Allander Print
FRP Advisory has announced the sale of the intellectual property and goodwill assets of Allander Print, which was in administration, to Tempus IME.
FRP partners Tom MacLennan and Iain Fraser were appointed as administrators to the firm after it encountered unsustainable cash flow problems linked to the COVID-19 pandemic.
Edinburgh-based Tempus IME is a fast-growing full-service provider of digital design, print, marketing and communications services to a wide range of blue-chip businesses.
Founded in 1995, Allander Print was a well-known commercial printer providing advanced printing solutions around the clock to a broad range of clients public and private sector clients across the UK.
Around 40 staff were made redundant after Allander went into administration. Two remaining staff are being retained in the short term to assist with administration and site clearance.
Mr MacLennan said: “We are delighted to have sold the assets of Allander Print to Tempus IME and wish the new owners every success with their plans. We will now focus on liaising with all relevant agencies, including PACE, to ensure every possible assistance is provided to the staff during this difficult time.”
Robert Dryburgh, managing director of Tempus IME, added: “Allander Print is a highly prestigious brand with a long history of quality and customer service. The company has been adversely affected by COVID-19 like numerous companies all over the UK.
“Tempus with its unique business model will be able to support the existing Allander customers and will be introducing new innovations built around excellent customer support.”