Geoff Bouchier and Andrew Stoneman of insolvency practitioner MCR were appointed on Monday (2 August).

The closure follows its sister company Cavendish Press, which also traded as Richmond Cavendish, which went into administration with MCR in June. 

According to MCR's Kevin Buckett, prior to the closure the practitioner investigated the possibility of a going concern sale but found that there was not much to market.

He said: "When Cavendish went their sales guys left and it seems some of the Richmond sales guys left too. When your salesmen go they take the business with them so we found there wasn't much to sell. Any enquiries we had were for the assets."

Buckett added that the company had found life very difficult after the closure of its sister company because a lot of suppliers treated them as one company and had refused to deal with Richmond Cavendish.

He added: "Clients became nervous and one followed the other. It seems that the print industry is very different to many industries and suppliers tend to stick together. They found it very hard after Cavendish closed.

"There was perhaps a perception amongst third parties that the Cavendish work was all going through Richmond, which wasn't the case."