Christopher Ratten and Lindsey Cooper of Baker Tilly Restructuring and Recovery were appointed as administrators of the Llangollen, North Wales-based litho printer last week after it ran into trouble following the administration of most parts of Paperlinx UK, its largest supplier.

In a statement, the administrators said  the company had continued to trade following their appointment with the aim to complete existing work in progress and to establish whether there were any parties interested in acquiring the business as a going concern.

Having spent the last week liaising with interested parties, the administrators have now concluded that it will not be possible to achieve a sale and, as a consequence, it is likely that the business will cease trading in the next few days.

The statement said: "Unfortunately a number of redundancies have been made over the last few weeks and the remaining staff have been made aware that in the event of the company ceasing trading that all staff will have to be made redundant.

"Baker Tilly continues to work with the former employees and relevant government departments to ensure that the former staff receive their entitlements from the National Insurance Fund."

55 of the firm’s 79 staff were initially made redundant last week as it continued to operate with a skeleton staff to complete existing work.

The business had made 30 employees redundant last year following the loss of its largest contract. Staff had already agreed to a 7.3% pay cut in November 2013.