Geoff Rhodes and Jon Beard, of the Brighton office of Begbies Traynor, were appointed to the Tunbridge Wells-based company on 10 June.

Th news comes less than two weeks after Paterson Printing, the print operation of the group, went into administration, also with Begbies Traynor.

Beard said: "The recession has claimed a significant number of casualties within the printing industry, but it’s particularly sad to see long-established businesses lose the fight for survival.

"Investment in cutting-edge technology and competitive pricing is essential for these businesses, but the resultant borrowing can leave them vulnerable."

Patersons acquired BDL Print Group late in 2006 – a move it anticipated would help boost its turnover to the £50m mark.

Speaking about the closure of Paterson Printing, Jamie Paterson, chief executive of Paterson Group, said the loss of a big investment bank client in February, coupled with reducing margins and a drop in orders was to blame for the closure.