PrintWeek has received a number of calls from staff claiming that they were made redundant in a meeting at 1pm this afternoon.

When PrintWeek contacted the company yesterday, an employee said that the businesses was still trading, however the phone has not been answered today.

According to Midas Press's website, Anthony Spicer and Henry Shinners of Smith and Williamson were appointed administrators today (12 October).

The administrators were not available for comment at the time of writing.

Midas Press's closure brings to an end a difficult two years for the business, which went into administration in January 2010 and was sold to a management team.

In September last year it was reported that the company merged with Southampton printer LPC Print. However, LPC managing director Nicholas Lee resigned as a director of Midas Press in March and when contacted by PrintWeek he said that he has "not been involved with Midas for eight months now".