Allan Graham and Ian Cornfield from Insolvency practitioner KPMG were appointed administrator at the Norwich-based company on 26 January.

KPMG is not trading the business and is looking for potential buyers for the assets of the company. It said is not requesting interest to sell the business as a going concern.

The company made 42 staff redundant immediately, with 11 remaining employees kept on to complete work in the factory.

Corfield said: It is disappointing but unavoidable that we are unable to continue trading Saxon Photolitho. We are currently working with government agencies to ensure the employees' issues are dealt with as quickly as possible and are now continuing with some very limited trading to finalise orders for customers.

We would urge anyone interested in purchasing the assets of the company; primarily comprising printing presses and associated plant and machinery to contact us.

Saxon Print in Norwich is unrelated to Saxon Print in Essex.