Bespoke Envelopes Direct went into administration with Tenon Recovery on 9 July 2009.

Tenon continues to trade the business and a combination of current managers and directors are interested in buying the business back.

However, following adverts in both PrintWeek and the Financial Times it seems there is a wide degree of interest.

Administrator Colin Wilson said: "Each party will have been sent a sales pack from which they will advise on the extent of their interest. This will range from the purchase of certain assets to the business as a whole. As time goes by a lot of the interest will fall away and we can narrow it down to the frontrunners in the next week to ten days."

Meanwhile G&A Print Solutions also went into administration on 9 July and a third business, Bespoke Envelopes is due to be liquidated. Wilson added that a date for Bespoke Envelopes liquidation would be decided soon.

Both companies have Bespoke Envelopes Direct directors Nigel Harper and Gary Butters as directors.