Alan Tomlinson and Paul Barber of insolvency practitioner Begbies Traynor were appointed to the Stockport-based company on 16 December 2010.

MDA's 29 employees were made redundant prior to the appointment, when it closed its doors on 2 December.

According to the administrator, 55% of MDA's turnover came from food retailer Nisa-Todays (Nisa Local); however, in 2010 it lost the work, causing a "dramatic downward effect on cashflow".

A spokeswoman for Begbies Traynor said: "We are actively seeking a buyer for the business and assets, and there have been a number of parties who have expressed an interest so far."

Although MDA Creative was incorporated in 1986, it had operated as a partnership for many years prior.