Dunstall owned Bradford-based Prospect Mailing Services after acquiring it via his Cogent B2B vehicle in October 2012.

Prospect Mailing Services was placed into administration in November 2013, leaving debts of £1.4m. Dunstall subsequently purchased the assets and rebranded it as Global MP Mailing.

The purchase price of £400,000 was supposed to be paid in ten installments of increasing amounts through to August 2014, and Dunstall provided a personal guarantee and a corporate guarantee via Cogent B2B for the monies.

This week, a spokesman for SFP Group, the administrators of Prospect Mailing Services, told PrintWeek that “it was still pursuing the personal guarantee provided by Mr Dunstall.”

Cogent B2B recently-filed its overdue accounts for the year to 30 June 2013. Under the small company exemption only a balance sheet is filed and this shows negative shareholders’ funds of £99,101.

Global MP Mailing has now officially ceased to trade, following a period of more than a month where the business was in limbo. It was placed into liquidation on 11 August, with Christopher Brooksbank of O’Haras in Cleckheaton.

This means that former workers at the company are now able to claim statutory payments from the State.

Global MP Mailing’s liabilities of £1.3m included £128,953 in wage arrears and holiday pay; £265,314 owed to HMRC in PAYE and National Insurance contributions, and £300,753 for redundancy pay and notice.

The statement also lists Prospect Mailing Services (in administration) as the sole trade creditor, owed £610,000.

Kevin Dunstall was listed as being owed £5,000.

The failure of his three print-related businesses in the space of two years has resulted in HMRC being owed more than £1.1m.

In a rare communication in July, Dunstall had refuted claims from a former employee that his attitude to HMRC payments was “cavalier”.

PrintWeek was unable to reach Dunstall for comment at the time of writing.