According to Deloitte, a further 120 staff have been made redundant since its last update on 3 April.

21 staff remain at the businesses Laindon, Essex factory assisting Deloitte as it works to “realise the assets of the company”.

Deloitte was appointed to the business on 27 March, with 123 staff made redundant on appointment. A further 48 staff were made redundant on 3 April.

In their statement of 3 April, the administrators were still hopeful of selling all or part of the business after Paragon Group withdrew interest – however they have now shifted their focus to selling the firm’s remaining unencumbered assets.

European Valuations was appointed to handle the asset sale, with a closing date for offers expiring last Wednesday (12 April) with sold kit to be removed by 28 April.

The plant list for sale included, four Kodak NexPress digital presses, a SX3900, SE3600, S3000 and 2100, four Kodak Prosper S5 twin-head print stations, a Cutstar unit, a pair of Technotrans inking stations, MBO and Heidelberg folding lines, MB mailing lines, a Heidelberg Stitchmaster ST450, a pair of Palamides bander/stackers and a variety of guillotines.

According to European Valuations plant and machinery valuer Joe Hall, the sale has now concluded.