Kellar, the Manchester-based secondhand machinery dealer, has been placed into voluntary liquidation with PricewaterhouseCoopers by its management.

David Thornhill of PricewaterhouseCoopers said the business had ceased to trade and its 12 staff had been made redundant. "Our role is to simply realise the assets we can for creditors and distribute them," said Thornhill. He added that the chance of the company being resurrected was "unlikely".

Earlier this year the company switched its focus from used sheetfed presses to becoming the sole UK agent for new TKS newspaper presses (PrintWeek, 9 February).

Steve Kellar set up Kellar in September 1998. It bought the assets and name of Sondhi Kellar, which was placed into administration in October 1998.