Sources close to the Tonbridge-based business, which is thought to employ around 26 staff, have informed Printweek that staff at the business were told on Monday 16 December it was being placed into administration and that they would not receive salaried pay for December.
A first notice of intention to appoint administrators was filed with the High Court on 10 December, with a second filed on 23 December. The company intended to appoint Colin David Wilson and Joanne Kim Rolls of Opus Restructuring in London along with solicitors, HCB Kent, representing the firm.
Companies House shows Colour Print as still active at the time of writing with one remaining director, Craig Prince, who was appointed as a listed director in May 2018.
Meanwhile, four other directorships have been terminated at the firm over the past four months including Terry Hewett on 27 September, Richard Gerald Husband on 27 November, Paul Anthony Duckworth on 30 November and group sales director Steve Kirkham on 6 December. Hewitt, Husband and Kirkham were all appointed on 4 Sept last year while Duckworth was appointed on 19 December 2018.
CPG Brand Communications was uncontactable at the time of writing, with the company's phone line ringing out, and Opus Restructuring had not responded to requests for comment.
CPG started as a four-colour litho printer in 1986 and is understood to operate two Komori five-colour litho presses, a Xerox iGen for shorter runs, secure printing and personalisation, and Roland DG wide-format kit. Last summer it concluded its installation of a range of new pre-press kit and software from Agfa.
The business serves clients across the car industry, leisure and professional sectors.