Administrators from RSM are expected to be appointed at the family-owned printing and finishing business, which was established in 1954, this week.
Toyo Ink Europe UK filed a winding-up petition against Bexleyheath-based Marstan on 8 January with a hearing set for 4 March.
Prior to that, sales and marketing director Martin Lett Jnr resigned as a director on 7 January.
An employee at the company said that some workers were still on site at the business finishing work-in-progress, with other employees on standby. “We are aiming for a rescue deal,” he said.
A year ago the commercial printer switched from B2 to SRA1 when it bought a five-colour RMGT Ryobi 920 LED-UVE sheetfed press, and also runs a Xerox iGen 150 XXL alongside a range of in-house finishing kit. The business, which employs around 50 staff, invested in new kit for its MP Foil Blocking trade finishing business last autumn.
Parent company Marstan Press Holdings filed an operating profit of £419k on sales of £5.2m in its latest accounts, for the year to 31 December 2017.
PrintWeek was unable to reach Lett Jnr for comment at the time of writing.
Toyo Ink declined to comment.