Administrators from Hacker Young were appointed at Londons Keldia Printing yesterday afternoon (28 June).


Joint administrator Andrew Andronikou said the company was viable and would continue to trade. He is reviewing the staffing at the Walthamstow-based firm, which employs almost 100 people.


He said Keldia had been trading profitably but that he was looking into the firms MBO a year ago.


Sales and marketing director Tony Foo (pictured, left) and three of his fellow directors bought the company from founder Tony Diamond (right). Foo became managing director (PrintWeek, 21 July 2000).


At the beginning of this year the firm bought a 10-colour Heidelberg Speedmaster 74. It was also talked of as a potential UK beta site for the NexPress digital press.


The MBO team included commercial director Godric Churchill, production director Malcolm Marsh, and IT director David Smart.