The business is expected to go into voluntary liquidation later this month after insolvency practitioner Calverley Hughes was appointed to the company.

Tim Calverley, partner at Calverley Hughes, told PrintWeek that the firm was aiming to sell both the site and the business but was unable to comment on whether any potential buyers were in the frame.

An employee of the company told local newspaper the Scunthorpe Telegraph that the closure was "like a bolt out of the blue".

The unnamed member of staff added: "The first inkling most of us got was a text message last Friday advising us not to go into work on Monday.

"A lot of people are very upset about the way the whole business has been handled."

A meeting of creditors in set to take place on 22 February.