Tim Dolder, insolvency practitioner at Tenon Recovery, was appointed as administrator on 9 November by the debenture holder.

However, Dolder told PrintWeek that he had no plans to sell the Buckinghamshire-based business, which closed its doors before Tenon was appointed, as a going concern.

The administrator is currently establishing the assets, although Dolder said that most of the company's machinery was bought on finance.

He added: "We discussed a sale, but the owners of the business felt that there was no business to be sold. It is a shame it got to that stage. The company was hit by a gradual loss of turnover, the business evaporated and there wasn't a viable business there."