It follows a members’ meeting, which took place yesterday (19 September), where it was agreed to place NGS into creditors’ voluntary liquidation.

Carl James Bowles and John Anthony Dickinson of accountancy firm Carter Backer Winter were appointed as joint liquidators.

In July NGS Print Finishing closed the doors of its Perivale, West London site and moved into the Wembley facility of Purfect Binding Company, taking all NGS staff with it.

NGS managing director Neil Sharp was appointed managing director of the new entity, while PBC’s co-directors Reginald Walwyk and Yat Ng positions were terminated on the same day, according to Companies House. Sharp was unavailable to comment on NGS’ liquidation.

In a letter to clients, dated 11 July, Sharp explained that the amalgamated companies would trade immediately as PBC, with a rebrand to be scheduled during the new entity’s first quarter of trading.

He stated that the new business would take on NGS’ equipment as well as PBC’s 16-station Wohlenberg Master E perfect binder and a six-station Muller Martini binder with cover feeder and stacker, replacing NGS’ older four-station model.

Sharp formed NGS Finishing Solutions in February 2011, which he then used to buy his previous company, NGS Print Finishers, out of administration the following month.