PrintWeek understands that MPGi's bank Lloyds TSB vetoed the company's preferred appointment of Geoff Carton-Kelly of Baker Tilly, who had been advising the directors, in favour of BDO Stoy Hayward.
The appointment marks a sad end for the Chessington-based company, which now looks certain to become the latest casualty of the recession.
More to follow…
MPGi staff sent home as bank appoints administrators
Production staff at MPG Impressions (MPGi) were sent home yesterday leaving just a skeleton workforce as Lloyds TSB appointed BDO Stoy Hayward as administrators.
