The company is currently being assisted by insolvency practitioner Tenon Recovery, with a meeting of creditors scheduled for 3 June, at which point Cervidae is expected to be put into liquidation.

Cervidae ceased operation on 30 April.

Buckley, who was not part of the management company when it bought the assets of Yellow Printing, stepped in as director on 4 April this year after the previous incumbent John Freeman left due to illness.

According to Buckley he has "no interest" in going back, and refuted claims that he was setting up a print management business.

He told PrintWeek: "I am not interested in manufacturing any more. I have lost all of my money, I have lost my home and almost lost my family. In my time in the industry I have employed thousands, I have not set out to harm anyone but anyone I have I am sorry about that.

"To be honest I am over the moon to be out, it has been a pain for about five or six years. The industry is suffering from over capacity, I probably should have got out eight or nine years ago.

"The staff have been left out of a job, nobody has gained from this situation. The only people that have won in this are the factoring company. They are the ones gaining in all of these situations. Factoring should be banned."

He also wished to make clear that an email sent around the industry, claiming to be from him to a client, making a series of contentious claims was a fake.

Buckley said: "I have dealt with this kind of vindictiveness enough. I have a fair idea of who it was sent by, of who would have benefited from it. But I want to draw a line under this whole thing."