The Suffolk-based business has ceased trading and will finish printing any remaining orders before closing its doors for the last time. Administrator Grant Thornton now hopes to sell off the company's assets including printing equipment and the property in Hadleigh.

Simon Rothschild, a spokesman for Grant Thornton said: "Although there were quite a number of people who got quite a long way down the line in terms of looking at the business for sale, none of them have carried through with that and we've decided to close the business down and sell off the assets piecemeal.

"There's a large property attached to the business and I think people have been put off by the idea of taking on the property, which is probably too big for the business, then selling it off." He added: "Every effort was made to save the firm."

The company went into administration on 2 June, with Andrew Hosking, joint administrator at Grant Thornton, citing cash flow as the major reason (PrintWeek, 4 June 2004).

Story by Josh Brooks