PBB went into administration in September and has since been bought by unknown print consortium Celinco.

Bankruptcy and insolvency practitioner Stephen Rout, of Stephen M Rout & Co, is expected to be appointed to Suffolk-based HPF shortly.

Rout said that while the business had ceased trading, he is looking to sell the company as a going concern and is hopeful of a positive outcome.

HPF Binders director Jim Porter said that cashflow had been tight for the eight-staff company, but that it had been profitable prior to the difficulties experienced after PBB's initial administration.

The company's sectors included thread sewing, wiro binding, perfect binding. Its kit includes a Muller Monostar with inline trimming and three Stahl T78 folding machines.