Registration number:
for the
Year Ended 31 December 2025
Pureprint Group Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Pureprint Group Limited
Company Information
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Directors |
M W Handford R J Osborne B D Smith B M Tucker |
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Company secretary |
B D Smith |
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Registered office |
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Banker |
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Auditors |
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Pureprint Group Limited
Strategic Report for the Year Ended 31 December 2025
Pureprint Group Limited is a technology-enabled marketing experience partner, combining specialist expertise, operational resilience and continued investment. The Directors present their Strategic Report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is the provision of integrated, technology-enabled Marketing Experience solutions. Pureprint helps customers create, manage and deliver impactful high-quality content through creative services, proprietary technology, commercial and specialist print, publishing, direct mail, packaging, fulfilment and supply chain services.
The Company’s diversified customer base spans commercial print, managed services, publishing, luxury, retail, corporate, direct mail, packaging and specialist print markets in the UK and internationally. More details are available on the website https://www.pureprint.com/.
Strategic Overview
During 2025, the Company continued to navigate economic, political and market uncertainty while maintaining a clear focus on customer service, operational resilience and long-term strategic development. Management prioritised customer relationships, employee wellbeing, supply chain stability and targeted investment in the capabilities required to support future growth.
The Directors consider 2025 to have been an important year of strategic investment and platform development. Resources continued to be committed to automation, digital and inkjet production, workflow technology, manufacturing capability, acquisitions and operational improvement. These investments strengthen the Company’s competitive position and support a more agile, scalable production model.
As the wider East Sussex Press Group approaches its centenary, it continues to evolve from its traditional foundations as a commercial printer into a diversified group supporting customers across print, packaging, marketing, creative content, technology, managed services, large format, retail production, inkjet technology, fulfilment, operations and sustainability. A more joined-up, sector-led commercial approach is bringing specialist capabilities together around customer needs.
Strength of the Wider Group
Pureprint forms the core of the wider East Sussex Press Group’s print and marketing services proposition, alongside Imprint and Ashford Colour. The Company is a prestigious heritage brand, based in the UK well known for its quality, service and sustainability. The Group’s multi-site manufacturing model provides production capacity, procurement capability, supply chain resilience and access to specialist resources across print, publishing, packaging, direct mail, retail, fulfilment, creative content and technology.
Closer collaboration between Group businesses is expanding the range of services available to Pureprint customers and enabling work to be directed to the most appropriate production location. This supports operational flexibility, improved utilisation and a more comprehensive customer proposition.
Across the last four years, the wider East Sussex Press Group has generated EBITDA of approximately £25 million. This performance provides a strong foundation for continued investment in people, technology, sustainability, operational excellence and strategic growth opportunities.
Financial Performance
For the year ended 31 December 2025, the Company generated turnover of £52,937,448, compared with £55,732,461 in 2024.
Gross profit amounted to £17,854,000, compared with £19,433,000 in 2024, representing a gross margin of 34% compared with 35% in the prior year.
Operating performance before exceptional items resulted in a loss of £533,361, compared with an operating profit of £810,458 in 2024. EBITDA was £2,288,000, representing 4% of turnover, compared with £4,075,000 and 7% respectively in 2024.
The reduction in profitability principally reflects lower activity in certain customer sectors, wage inflation, increases in National Living Wage and Employer National Insurance costs, increasing international trade friction and wider economic and geopolitical uncertainty affecting customer spending decisions. Despite these pressures, the Company continued to protect long-term customer relationships, retain operational capability and invest in strategic initiatives intended to support future value creation.
At 31 December 2025, total assets less current liabilities were £5,712,836, compared with £6,841,815 in 2024. The Directors consider the balance sheet to remain robust and capable of supporting continued investment in technology, operations, sustainability and growth opportunities especially as there is considerable equity in the asset base not reflected in these reports.
Pureprint Group Limited
Strategic Report for the Year Ended 31 December 2025
Financial Snapshot
|
Measure |
2025 |
2024 |
|
Turnover |
£52,937,448 |
£55,732,461 |
|
Gross profit |
£17,854,000 |
£19,433,000 |
|
Operating (loss)/profit before exceptional items |
34% |
35% |
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EBITDA |
£2,288,000 |
£4,075,000 |
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EBITDA margin |
4% |
7% |
|
Total assets less current liabilities |
£5,712,836 |
£6,841,815 |
Business Development and Future Outlook
The Company continued to execute its strategy of diversification, capability expansion and investment-led growth. New client acquisition, the development of existing customer relationships and closer integration of acquired businesses have strengthened the pipeline of larger-scale and multi-year opportunities that utilise multiple parts of the Group.
Pureprint’s market position is supported by its ability to combine creative expertise, proprietary technology, sustainable production, advanced manufacturing and supply chain services within a single integrated offering. Continued sector consolidation has created opportunities to secure significant new customer relationships, increase share of existing accounts and demonstrate the value of the Company’s scale and long-term investment capability.
Significant reinvestment was made in digital print, including two new HP Indigo 7k presses and a new HP Indigo 18k press. The two existing HP Indigo 100K machines have been upgraded to 120K capability. Post-press spend investment included a second Horizon BQ-500 PUR binder with in-line HT1000 variable trimmer, an Autobond 76 mini laminator, Zeno 360 casemaking and casing-in systems and a Duplo DC-648 slitter cutter creaser with inline folder. These developments support growth in digital, personalised and print-on-demand book production, together with the continued development of YouLovePrint, Pureprint’s e-commerce and web-to-print platform.
Lithographic print volumes remained robust, with Ashford generating additional publishing work through the Pureprint Uckfield operation. The luxury packaging and premium presentation solutions sector continued to develop, supported by strategic partnerships that broaden the customer proposition. The Direct Mail division also delivered a strong performance through significant new wins and growth from existing customer relationships.
The integration into the Group of Ashford Colour Limited, acquired from administration in late 2024, progressed successfully, with customer relationships maintained, key employees retained and operational improvements achieved. The acquisition broadened the Group’s publishing, specialist digital print, book manufacturing and e-commerce fulfilment capabilities.
Subsequent to the year end, in June 2026, the wider Group acquired the former Simpson Print business from administration. The acquisition expands expertise in cardboard engineering, structural display, packaging design, large-format lithographic print and point-of-sale solutions, strengthening the broader retail proposition available to Pureprint customers.
Looking forward, investment will continue to focus on productivity, automation, digital and inkjet manufacturing, customer-facing technology, workflow visibility, sustainability and service excellence. The Directors believe the Company’s scale, reputation, diversified customer base and access to the wider Group platform position it strongly to pursue sustainable long-term growth.
Sustainability and Responsible Business
Sustainability remains a key value and strategic priority for the Company and the wider Group, building on Pureprint’s long-standing position as a pioneer in sustainable print and the world’s first CarbonNeutral® print business. The Company continues to invest in efficient production, responsible sourcing, carbon measurement and reduction initiatives, and enhanced environmental reporting.
The sustainability proposition is supported by the Group’s validated Science Based Targets, Net Zero commitment, CarbonNeutral® status and FSC® Chain of Custody certification. These commitments help customers progress their own environmental objectives while supporting long-term resource efficiency and responsible growth.
The Company’s statutory Streamlined Energy and Carbon Reporting disclosures are included within the financial statements of its immediate parent undertaking, East Sussex Press Limited.
Pureprint Group Limited
Strategic Report for the Year Ended 31 December 2025
Principal risks and uncertainties
The Company operates in highly competitive markets and is exposed to economic uncertainty, inflationary pressures, labour market challenges, changing customer demand, supply chain disruption, competitive activity and the risks associated with integrating acquired businesses.
The Directors seek to mitigate these risks through continued investment in customer relationships, product and service innovation, proprietary technology, operational productivity, sustainability and market diversification. The wider Group’s multi-site model, procurement capability and specialist resources provide additional resilience and scalability.
Employee engagement, wellbeing and safety remain fundamental priorities. The Directors recognise that attracting, developing and retaining talented people is critical to delivering exceptional customer service and successfully executing the Company’s long-term strategy.
Section 172 Statement
The Directors believe that they have effectively implemented their duties under section 172 of the Companies Act 2006. The Company has considered the long-term strategy of the business in the strategic report and judges that this strategy will continue to deliver long-term success to the business and its stakeholders.
The Company’s principal stakeholders include customers, employees, suppliers, lenders, investors and the communities in which it operates. The strategy described in this report is intended to promote the long-term success of the Company and create sustainable value for stakeholders.
The Group remains committed to high standards of governance, ethical business conduct, environmental responsibility and supplier management. Through ongoing engagement and a focus on sustainable growth, the Directors believe they have acted in a manner most likely to promote the success of the Company for the benefit of its members as a whole.
Financial Instruments and Risk Management
The Company does not actively utilise complex financial instruments as part of its treasury management activities.
The principal financial risks arising from normal trading activities are credit risk, liquidity risk and cash flow risk. These risks are managed through established credit control procedures, ongoing monitoring of working capital requirements and prudent financial management.
Going Concern
The Directors have reviewed forecasts and cash flow projections covering a period of at least twelve months from the date of approval of the financial statements.
The Company continues to generate cash from operating activities and benefits from the support of both its controlling shareholder and Business Growth Fund. Having considered forecast trading performance, cash flows and available financial resources, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and to meet its obligations as they fall due.
Accordingly, the financial statements have been prepared on the going concern basis.
Approved by the
Director
Pureprint Group Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
Employment of disabled persons
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.
Employee involvement
The company's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.
Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.
Future developments
The external commercial environment is expected to remain competitive going forwards, however, the directors remain confident that the company will continue to improve its current level of performance in the future and will continue to trade as a going concern.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
Hazlewoods LLP have expressed their willingness to continue in office.
Approved by the
Director
Pureprint Group Limited
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
• | select suitable accounting policies and apply them consistently; |
• | make judgements and accounting estimates that are reasonable and prudent; |
• | state whether applicable UK Accounting Standards has been followed, subject to any material departures disclosed and explained in the financial statements; and |
• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Pureprint Group Limited
Independent Auditor's Report to the Members of Pureprint Group Limited
Opinion
We have audited the financial statements of Pureprint Group Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Pureprint Group Limited
Independent Auditor's Report to the Members of Pureprint Group Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 6, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Extent to which the audit was capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We considered the nature of the company’s industry and its control environment and reviewed the company’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.
We obtained an understanding of the legal and regulatory framework that the company operates in and identified the key laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements, including the UK Companies Act and tax legislation, and, those that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.
We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.
Pureprint Group Limited
Independent Auditor's Report to the Members of Pureprint Group Limited
In common with all audits conducted in accordance with ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override of controls. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.
In addition to the above, our procedures to respond to the risks identified included the following:
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reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; |
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performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatements due to fraud; |
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enquiring of management concerning actual and potential litigation and claims and instances of non-compliance with laws and regulations; and |
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reading minutes of meetings of those charged with governance. |
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
For and on behalf of
Windsor House
Bayshill Road
GL50 3AT
Pureprint Group Limited
Profit and Loss Account for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Distribution costs |
( |
( |
|
|
Administrative expenses |
( |
( |
|
|
Operating (loss)/profit before exceptional expenses |
( |
|
|
|
Other interest receivable and similar income |
|
|
|
|
Exceptional expenses |
(92,875) |
(68,843) |
|
|
Interest payable and similar charges |
( |
( |
|
|
(Loss)/profit before tax |
( |
|
|
|
Taxation |
|
( |
|
|
Loss for the financial year |
( |
( |
|
|
EBITDA |
2,287,682 |
4,075,359 |
The above results were derived from continuing operations.
The company has no other comprehensive income for the year.
Pureprint Group Limited
(Registration number: 01493898)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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||
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Capital and reserves |
|||
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Called up share capital |
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Profit and loss account |
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Total equity |
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Total capital, reserves and long term liabilities |
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Approved and authorised by the
Director
Pureprint Group Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
|
Share capital |
Profit and loss account |
Total |
|
|
At 1 January 2025 |
|
|
|
|
Loss for the year |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
Share capital |
Profit and loss account |
Total |
|
|
At 1 January 2024 |
|
|
|
|
Loss for the year |
- |
( |
( |
|
At 31 December 2024 |
|
|
|
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in the United Kingdom.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.
The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.
Summary of disclosure exemptions
The company has not presented a cash flow statement on the grounds that the company is a wholly owned subsidiary and a group cash flow statement is included in the financial statements of the parent company, East Sussex Press Limited.
Name of parent of group
These financial statements are consolidated in the financial statements of East Sussex Press Limited.
The financial statements of East Sussex Press Limited may be obtained from Companies House.
Group accounts not prepared
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Significant judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
Significant judgements and estimations included in the accounts relate to depreciation and a bad debt provision.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Government grants are accounted for using the revenue basis.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Leasehold land and buildings |
Straight line over the life of the lease |
|
Plant and machinery |
10-50% straight line |
|
Furniture, fittings and equipment |
10-33% straight line |
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Motor vehicles |
25% straight line and 10% reducing balance |
Intangible assets
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.
Development costs are initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Goodwill |
Straight line over 5 years |
|
Internally generated software development costs |
Straight line over 5 years |
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measure at cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Financial instruments
Classification
Recognition and measurement
Impairment
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Revenue |
The analysis of the company's turnover for the year is as follows:
|
2025 |
2024 |
|
|
Turnover derived from the company's principal activity |
|
|
The analysis of the company's Turnover for the year by market is as follows:
|
2025 |
2024 |
|
|
UK |
|
|
|
Europe |
|
|
|
United States of America |
5,838,816 |
5,527,617 |
|
Rest of world |
|
|
|
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Amortisation expense |
|
|
|
Foreign exchange gains |
( |
( |
|
Operating lease expense - property |
|
|
|
Profit on disposal of property, plant and equipment |
( |
( |
|
Auditor's remuneration - The audit of the company's annual accounts |
|
|
|
Auditors' remuneration - non audit work |
|
|
|
Exceptional items |
|
2025 |
2024 |
|
|
Exceptional expenses |
92,875 |
68,843 |
Exceptional expenses in the current year relate to payments in lieu of notice. Exceptional expenses in the prior year related to one-off legal and professional fees and payments in lieu of notice.
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on investments |
- |
|
|
Dividend income |
|
|
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
|
|
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production |
|
|
|
Administration |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
|
|
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
In respect of the highest paid director:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Company contributions to money purchase pension schemes |
- |
|
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
(Loss)/profit before tax |
( |
|
|
Corporation tax at standard rate |
( |
|
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Effect of revenues exempt from taxation |
( |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Effect of tax losses |
- |
|
|
Tax increase arising from group relief |
|
|
|
Total tax (credit)/charge |
( |
|
Deferred tax
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Accelerated capital allowances |
|
|
Tax losses carry-forwards |
( |
|
Short term timing differences |
( |
|
|
|
2024 |
Liability |
|
Accelerated capital allowances |
|
|
Short term timing differences |
( |
|
|
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Intangible assets |
|
Goodwill |
Software development costs |
Total |
|
|
Cost |
|||
|
At 1 January 2025 |
|
|
|
|
Additions |
- |
|
|
|
At 31 December 2025 |
|
|
|
|
Amortisation |
|||
|
At 1 January 2025 |
|
|
|
|
Amortisation charge |
|
|
|
|
At 31 December 2025 |
|
|
|
|
Carrying amount |
|||
|
At 31 December 2025 |
|
|
|
|
At 31 December 2024 |
|
|
|
|
Tangible assets |
|
Leasehold land and buildings |
Plant and machinery |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Additions |
|
|
|
- |
|
|
Disposals |
- |
( |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
Eliminated on disposal |
- |
( |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Plant and machinery |
6,076,731 |
4,879,020 |
|
Fixtures, fittings and equipment |
59,857 |
95,771 |
|
Vehicles |
52,051 |
72,200 |
|
6,188,639 |
5,046,991 |
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Investments in subsidiaries |
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost and carrying amount |
|
|
At 1 January 2025 and at 31 December 2025 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
United Kingdom |
Ordinary |
|
|
|
|
United Kingdom |
Ordinary |
|
|
|
|
United Kingdom |
Ordinary |
|
|
|
|
United Kingdom |
Ordinary |
|
|
|
|
United Kingdom |
Ordinary |
|
|
|
Subsidiary undertakings |
|
Screaming Colour Limited The principal activity of Screaming Colour Limited is |
|
Imprint Creative Print Solutions Limited The principal activity of Imprint Creative Print Solutions Limited is |
|
Perfect Screen Print Limited The principal activity of Perfect Screen Print Limited is |
|
Headford Digital Limited The principal activity of Headford Digital Limited is |
|
Ashford Colour Limited The principal activity of Ashford Colour Limited is |
All group subsidiaries have the same registered office to that of the company.
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Stocks |
|
2025 |
2024 |
|
|
Raw materials and consumables |
|
|
|
Work in progress |
|
|
|
|
|
|
Debtors |
|
Note |
2025 |
2024 |
|
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts due to group undertakings |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other creditors |
|
|
|
|
Accruals |
|
|
|
|
Corporation tax liability |
- |
|
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Loans and borrowings |
Current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
|
|
|
Hire purchase contracts |
|
|
|
|
|
|
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
|
Included within bank borrowings is £4,298,509 (2024 - £4,023,053) in respect of invoice discounting. This amount is secured by a fixed and floating charge over the assets of the company in favour of Barclays Bank PLC.
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100,000 |
|
100,000 |
|
Obligations under leases and hire purchase contracts |
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
- |
|
|
|
Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
|
Financial guarantee contracts |
The total amount of guarantees not included in the balance sheet is £839,503. The company is bound by an intra-group cross guarantee in respect of bank debt with other members of the group headed by its immediate parent company East Sussex Press Limited.
Pureprint Group Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Related party transactions |
Fielden Properties Limited
During the year, the company incurred costs of £222,750 (2024 - £222,750) in relation to the lease of Beacon House from Fielden Properties Limited, a company under common control of Mark Handford. At the balance sheet date, the company owed £nil (2024 - £nil) to Fielden Properties Limited.
Summary of transactions with key management
During the year the company paid rent of £31,000 (2024 - £31,000) to the parents of one of the directors.
Gross wages and National insurance contributions of £20,184 were paid to a parent of one of the directors in the year (2024 - £nil).
Headford Digital Limited
During the year, the company made sales of £1,400,457 (2024 - £1,182,426) to and incurred costs of £7,983 (2024 - £11,391) from Headford Digital Limited, a company under common control.
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is