Graham Randall and Mark Roach OF BDO were appointed to the company, which bought the assets of Cromwell Press in January 2009, on 23 September 2010.
Cromwell Press has ceased trading and all 40 employees have been made redundant, while the Trowbridge offices phone has been switched off.
Almost immediately after the company was bought by former Midway Press owner John Boden it has faced problems, with employees complaining of missed wages.
Boden was unavailable for comment, but told the local newspaper The Wiltshire Times: "The people who are the factoring company put us into administration because they were concerned about getting their money on the date.
"They just swooped down on us on Thursday. I was at home when I found out at about 3pm. I felt aggrieved when I found out. They forced their way in."
The administrators are now seeking to "maximise realisations" for the creditors.