Long-established Swindon printing firm Multisets has gone into administration, it emerged today.
The firm, which started trading in 1962, has an annual turnover of around £5m and employs more than 40 staff – a number of which have already been made redundant. 
It specialises in printing direct mail, integrated labels and cards, cheques and business forms.
In March it acquired cheque production business Bank Security Printing to grow its position in the niche security area using a £500,000 loan from Clydesdale Bank.
Tim Ball, partner at the Bristol office of accountants Mazars, was appointed joint administrator yesterday and is seeking a buyer.
He said: “It is very sad to see another long-established printing business struggling to compete, and trade profitably, in the declining print market.”
The firm, based on the Groundwell Industrial Estate, continues to trade on a reduced basis. It produces personalised cheques for banks, solicitors, schools, auctioneers and housing associations that include a number of sophisticated anti-fraud features such as watermarks, holograms and specialist inks.
