Arthur Andersen is in the process of being appointed as administrative receiver to Photobition
A spokeswoman for Arthur Andersen had earlier said that the firm had no knowledge of the appointment or that Arthur Andersens David Duggins was to oversee the handling of the companys affairs.
But the appointment is now imminent and a full statement will be issued later today.
A statement issued by Photobition said it had appointed administrative receivers after its lenders declined to provide the working capital the company needed to continue trading.
Have your say in the Printweek Poll
Related stories
Latest comments
"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
"Not surprised, businesses need to prepare for these attacks rather than thinking that they're going to avoid them. At the very least, data needs to be fully protected with air gaps in place..."
"So much for growth then!"
Up next...
Six months after Charlesworth deal
TJ Books looks to appoint admins
Current timeframes are insufficient
Election print and postal pressures highlighted in AEA report
"Significant milestone"
Riso celebrates 20 years of inkjet
Strengthens existing product portfolio