Sandy Kinninmonth and Carl Jackson of insolvency practitioner Tenon Recovery were appointed on Wednesday afternoon by one of Burlington’s floating charge holders.

James Prior, case administrator at Tenon, scotched rumours that the business had already been sold.

He told PrintWeek that negotiations were ongoing with a number of interested parties.

He said: "We are trading the business with a view to selling it as a going concern. We are hoping to reach a conclusion in the next week, but there have been a number of expressions of interest."

However, on Thursday, Tenon took the decision to make 50 members of the 78-strong staff redundant.

Last year, Burlington invested in a new KBA Rapida. At the time of the investment, managing director Andrew Tooke said that the company was targeting a £7m turnover.

Tooke was unavailable for comment at the time of writing.

Also see:

Burlington bought in MBI by ex-William Caple trio


Burlington boosts B1 firepower