GSP future uncertain
Posted: April 3, 2008
Mystery surrounded the fate of Warrington-based Gold Star Publishing (GSP Press) at the time this issue of ETO was going to print. The company slipped into administration in March and Begbies Traynor – which describes itself as the UK’s leading independent business rescue, recovery and restructuring specialist – was appointed to sell the company’s assets.
David Child of Begbies Traynor declined to comment further about the case to ETO, only confirming the above, and no-one from Gold Star Publishing was available for comment before this issue’s deadline.
However ETO understands that a number of GSP staff have been made redundant, and a large quantity of adult magazines have already been sold within the trade.
GSP Press, which claims to be the UK’s largest publishers and distributors of adult magazines, was the subject of an MBO, lead by MD Andy McIntyre, from Gold Group International in 2005. Its titles include Whitehouse, Rustler, Parade and Girls In Uniform. The company also has a distribution arm, Mags Express, which supplies WH Smiths, John Menzies and other independent wholesalers.