Photobitions troubles are mounting after former director Bob Bushby said he was seeking to return to the board as a shareholder nominee non-executive.


An action forum group and website have also been formed to bring together disgruntled shareholders.


"The first priority is that the company needs a new chief executive, and a new finance director," said Bushby.


He added that he did not feel the management had the confidence of the City, especially with the rumoured buyout intentions.


Photobition issued a profits warning on 20 July, adding to the pressure on the company, which also has debts totalling 100m.


In May Photobitions management gave their strongest indication that they were considering an MBO.


Chief executive Eddie Marchbanks was understood to have made initial approaches to venture capitalists (PrintWeek, 18 May).


Bushby said that he would seek to push for an EGM, and was hopeful of obtaining the backing of a "major City institution".


The forum thinks the proposed MBO is at a lower level than the value of the company, and fails to recognise the groups medium- and long-term prospects.


A statement on the forum website, photobitionforum.


com, said it had identified an "experienced raft of senior and middle management, which could be coupled with the incumbent teams within the operating companies".


Bushby, who left the board three years ago, would act as chairman of the forum. A number of shareholders, stakeholders and "supporters of Photobition" set up the website.


Photobition was unavailable for comment as PrintWeek went to press. Marchbanks was out of the country.


Story by Andy Scott