The £1.5m turnover Trafford-based company went into administration with Kevin Lucas of BCR on Monday (18 October), having closed its doors a week ago last Friday.

All 30 employees were made redundant, however, Lucas said that he was still trying to sell the trade and assets as a business.

He told PrintWeek: "There has been a number of expressions of interest, a company in Manchester has said it is interested. But as of yet there have been no actual offers made. Whether or not any offers come in we will have to wait and see."

The company's directors Craig Kendall and Harry Washbourne set up a new company, MTS Press on 4 October, however Lucas said that no offer had been officially made by MTS.

Lucas added that the business had been hit hard since investing heavily in digital printing a couple years ago, when an HMRC winding up order took it to the brink of closure.

Lucas said: "When the recession came the company lost about 40% of its turnover in about 18 months. Like many old companies the cost of redundancies was just too prohibitive and there was nothing that could be done."