Printing firms Cromwell Press and Chivers Bookbinders have gone into administration after months of uncertainty and staff redundancies.

Chivers Bookbinders moved into the Cromwell Press building from across the road in White Horse Business Park in Trowbridge after owner John Boden attempted to streamline both companies after Cromwell Press got into tens of thousands of pounds of debt.

The news comes after Mr Boden took the company out of administration in January 2009.

The 63-year-old, who has worked in the print industry for the majority of his career, said he was ‘aggrieved’ when he heard the administrators had been called in by Bibby Financial Services.

He said: “Both companies, Cromwell Press and Chivers, went into administration on Thursday.

“The people who are the factoring company put us into administration because they were concerned about getting their money on the date.”

Despite talking with other administrators already, Mr Boden said the administrators just ‘swooped down’ on the business.

“They just swooped down on us on Thursday. I was at home when I found out at about 3pm.

“I felt aggrieved when I found out. They forced their way in.”

Despite Mr Boden’s anger at the administrators coming in, he said he is relieved on behalf of his colleagues as he said they can all be paid now.

However he added that it was never his intention for the company to end like this and he stands to lose £150,000 of his own retirement fund.

Former employee Claire Prach, who was made redundant at the end of August, is pleased the saga is over.

Ms Prach said: “I feel relieved now that it has gone into administration as its out of their hands.

“They can’t lie to us anymore as its no longer their premises.

“We will get the money we are owed hopefully, but how we get it and what we get is another matter.

“It will never end until that money is in my bank account.”

A spokesperson for the Bristol-based administrators BDO said: “We were appointed on the 23rd of this month. We are taking care of all of the possible steps.

“Staff were supplied with redundancy letters and redundancy forms on Friday so they will be able to claim redundancy and any outstanding pay with the redundancy payment office.”