Around 16 jobs were lost when St Helens-based Rhodes Printing said it had proposed Tenon Recovery in Manchester as liquidators.
While a meeting of creditors is still scheduled for 20 October, LBH managing director Alan Brown said that both Ward and Rhodes Printing sales manager Tricia Lyons are currently in discussions about a possible move, but that nothing has been confirmed.
The collapse of Rhodes follows on from the liquidation of Abbotts Creative Print, which was acquired out of administration by a company called TWRM, of which Mark Ward was also a director.
Ward did not return calls.