RNB Group’s future secured thanks to sale of business

The future of direct mail, fulfilment, and print company, RNB Group, is said to have been secured thanks to a sale led by Begbies Traynor Group to PDMF.

Securing the jobs of all 30 employees, the sale was led by Bob Maxwell and Louise Longley of Begbies Traynor Group with the company having been in operation for almost 20 years.

Based in Silver Royd Business Park in Leeds, RNB Group handles entire marketing campaigns including providing creative design, digital, and inkjet printing and data services.

Citing mounting cash flow issues, the directors of RNB Group sought the help of Begbies Traynor Group to market the business. The sale garnered substantial interest and the business subsequently went to PDMF, a print and delivery services company just two weeks later.

Following the sale, all 30 jobs have been transferred to PDMF which will continue to operate the business from its existing site.

LCF Law provided legal advice to the administrators and Freeths represented PDMF.

Bob Maxwell, joint administrator of Begbies Traynor, comments: “RNB Group is a long-established and well-known Leeds business which simply ran into some short-term cash flow problems.

“Fortunately, we were able to act swiftly to market the business and conclude a sale for it as a going concern. It’s great news for the staff, suppliers, and customers that the business will continue in the hands of new owners.”