Kent printing company goes into administration

23 February 2015

Aylesford Newsprint is set to go into administration, resulting in more than 230 jobs lost. The announcement was made to the staff on Monday morning at the site in New Hythe Business Park. Joint administrators, Allan Graham and Rob Croxen, from KPMG have been appointed and the site is now closed - 233 people have been made redundant. 

Local MP Tracey Crouch showed her support for all staff and customers when the news broke, stating it will be a huge loss to the community: “The company is an integral part of our everyday life, not just in providing the paper which we read our news on but also for the recycling processes it provides for many of our local councils.” Founded in 1922 and one of only three newsprint mills in the UK, the firm buys and recycles used newspapers. 

Joint administrator, Allan Graham, said, "Significant overcapacity in the newsprint market, coupled with rise of digital media, has created challenging operating conditions for Aylesford Newsprint. The business has been loss-making for a number of years and was unable to be maintained as a going concern". The remaining 65 employees will stay on to assist with the process. 

The printing industry has faced many new challenges over the years and has had to adapt to ever-changing technologies and online consumer habits. With less need for traditional printing and falling newspaper sales, many companies in this sector have struggled of late.

If you are an employee of the business, please listen to the video below as it will tell you your rights as an employee of an insolvent business. There is a link at the end of the video to the Government website which expands further on what you need to know. We are not involved in the administration - questions should be directed to KPMG who are handling the administration.