Former chairman Parkes, who sold Goodman Baylis to Media & Print Investments (MPI) in January, was named as a potential buyer on 11 November.
All 120 staff at the firm have now been made redundant, following the completion of work in progress.
Joint administrators Freddy Khalastchi and Michaela Hall, who were appointed on 31 October, said that poor market conditions had prevented a sale of the business.
Khalastchi said: "In the current economic climate, there was very little interest in the business as most printing companies have spare capacity which they cannot fill.
"We were therefore only able to sell our interest in the assets of the company. The landlords hope that they will find a printing business that wishes to use the facility, which is one of the most respected in the country."
Muir and Parkes, who have bought the plant and machinery, fixtures and fittings of Goodman Baylis, also own the site from which the company traded.
For more see next week's PrintWeek.
Former owners buy Goodman Baylis assets
Goodman Baylis' assets have been sold for an undisclosed sum to former owners Clive Parkes and Roger Muir, after administrator Harris Lipman was unable to sell the business as a going concern.
