The management of Leeds-based Fentons has said that the firms administration and subsequent rebirth was the only way to secure the companys future and 50 jobs.
Fentons bought the assets and goodwill of Margaret Fentons out of receivership with Ernst & Young after it failed to renegotiate an equipment leasing deal with Xerox, which it found was increasingly uncompetitive.
The firm has brought in new managing director Kenney Richardson, who is also a director of Bradnorth Print Finishers in Bradford and Brand Vision in London. He joins the firms other directors Ian and Michael Rhodes.
Richardson said: "We tried to renegotiate the contract with Xerox, but talks broke down and it was the only option. But 50 jobs are safe now and well be able to invest in new technology."
Have your say in the Printweek Poll
Related stories
Latest comments
"Thank you for the opportunity to comment on this Jo, and PrintWeek!
Please feel free to get in touch with the Howden Print Team to arrange your own Free of Charge Cyber Micro-Penetration Test to help..."
"I never quite understand the statements such as "achieved such a positive outcome for this well-established business".
The established business unfortunately failed and no longer exists, a..."
"Genuinely sorry to read this."
Up next...

Protocols being strengthened
Software Circle hit by suspected payment fraud

'Precision and reliability'
EBB sets up new publishing wing

Continued investment
Bakers ups BakPac capacity with double Galaxy Packtech install

"Committed to building a stronger Stora Enso"