Colour Books Enters Receivership

According to documents filed with the Companies Registration Office, Colour Books,  Ireland’s largest dedicated book printer, has been placed in receivership.

Liam Dowdall of Smith & Williamson Freaney was appointed receiver and manager on 23 March 2011 at the request of Bank Of Scotland Ireland.

The company’s most recent accounts filed in November 2010, show that it incurred a loss of €238,812 in the year ending 31 December 2009. The accumulated profit and loss account showed the company’s accumulated losses were €1,831,636 .

The accounts also show that the company had an overdraft at the end of 2009 of €888,745 and that its net debt position at that time was €3,031,244.

More as we have it.