The administrators for Sheffield-based packaging printer Greenup & Thompson have cut 29 staff from a total of 100.
But Menzies Corporate Restructuring has reported a substantial amount of interest in the business and expects to conclude a sale by the end of next week.
Joint administrator Jason Godefroy said offers for the business, including equipment and two leasehold properties in Sheffield, were expected in the region of 900,000.
Have your say in the Printweek Poll
Related stories
Latest comments
"It's wrong to assume the Chinese are behind the curve on automation - it used to be the case that manual processes were kept becuase it was cheaper to use them than buy the automated equipment,..."
"Incredible, what a business!"
"Sad news. Their prices were unsustainable - it was a race to the bottom."
