According to Companies House NGS managing director Neil Sharp was appointed managing director of PBC on 11 July, the same day the Middlesex firm’s co-directors Reginald Walwyk and Yat Ng positions were terminated.
Attempts by PrintWeek to contact Sharp directly by email and phone went unanswered.
However in a letter seen by PrintWeek dated 11 July, from NGS managing director Neil Sharp to clients, the “amalgamated” businesses will trade with immediate effect under Purfect Binding Company although the intention is to re-brand the “whole company” within the first quarter of its trading.
The letter states: “We will keep you informed of these changes as and when they happen, therefore all orders currently in hand will be invoiced through Purfect Binding Company and future orders will need to be addressed to and will be invoiced through Purfect Binding Company.”
According to sources close to NGS, staff were notified a week ahead of the move from their Greenford, West London site to PBC’s Wembley facility. PrintWeek understands that the move is now complete.
The letter explains that in addition to NGS’ existing plant list the new entity will acquire PBC’s 16-station Wohlenberg Master E Perfect Binder and a six-station Muller Martini with cover feeder and stacker, which will replace NGS’ older four-station model.
It stated: “The experienced workforces of both PBC and NGS will join up and together we will guarantee to beat any genuine comparative Perfect/PUR Binding quotation.
“We can now offer a wider and more comprehensive range of Print Finishing Services than any other company all under one roof 24/7, 360 days a year.
“The obvious savings in time and money mean you, our valued client, will benefit from, not having to transport the work to different finishers for different processes as PBC can now complete ALL Finishing right through to Direct Mail Distribution and Despatch.”
NGS Finishing Solutions was incorporated by Sharp in February 2011 a month ahead of his existing £6m-turnover company, NGS Print Finishers, falling into administration on 2 March owing £1.5m including around £700,000 to other finishers.
The business was renamed Print Realisations 2011 while trading through administration and Sharp bought the assets of the business back through NGS Finishing Solutions for £275,000.