Andrew Hemmings was director of Trowbridge, Wiltshire-based Cromwell Press from its founding in 1991 until it fell into administration for the first time in 2009.
Shortly afterwards, in April 2011 Hemmings was charged with fraud, including obtaining money by deception and false representation, following a police investigation.
After a protracted legal process, the former director entered a not guilty plea at Swindon Crown Court in April this year.
However last week (22 July) the case was brought back before the court after Hemmings changed his plea and admitted falsifying invoices to the tune of £81,983 on two occasions. The invoices were fraudulently created from Ken Biggs Construction from April 2005 and March 2006.
Following the hearing Hemmings was released on bail and the case was adjourned for sentencing on 30 August.