Manchester-based FI Printing went into liquidation with insolvency practitioner Tomlinsons on 7 July 2009.

According to Tomlinsons, the company ceased trading at that point, with all staff being made redundant.

Despite it being more than a month since the business closed its doors, Tomlinsons has been negotiating with the existing directors over the assets.

Catherine Matthews, of Tomlinsons, told PrintWeek: "No sale has been completed yet, but we are close to finalising a deal for a sale of the assets to the previous directors. We are at a stage where it looks like something can be struck shortly."

Director Paul Whittaker had previously informed PrintWeek that members of staff were looking to put money into the business in an attempt to resurrect it.