Peter Kubik of UHY Hacker Young told PrintWeek that 90 staff had been made redundant as the month-long search for a buyer came to an end.
"The removal of the Bauer work tipped Cooper Clegg over," he said. "The business will be wound down with a skeleton staff."
There had been hopes for a sale following the news that there were two interested parties in the business, but Kubik said that the loss of the contract, thought to be worth around £400,000 a month, had rendered the business unviable.
More to follow…
Cooper Clegg to close after contract loss
The potential sale of Cooper Clegg has been abandoned and the company will be wound down following the loss of the Bauer contract, the administrator has said.
