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YM Group’s plans to be a dominant player in UK web offset have collapsed into chaos, with FRP Advisory appointed as the administrator of the group's three web division businesses, and staff left unpaid.
Nervous workers at YM’s three up-for-sale web plants are awaiting clarity from the group’s bosses about the future for the sites, after Walstead apparently withdrew its interest in a possible rescue deal.
Access to YM Group’s York Mailing site has been blocked by a creditor owed a five-figure sum by the business.
BREAKING: The future ownership – and structure – of YM Group is up in the air with a fast-track sale process underway and the potential that administrators could be appointed at three of its sites.
Bauer Media has blamed “industry wide issues with print supply” for flagship title TV Choice running late on its on-sale date – a situation that could persist until the end of the year.