The Newcastle-based large-format company reported that it is currently in talks with an interested party and is still actively trying to sell the business. It previously issued a deadline of 20 January for potential buyers.
A spokesman for Deloitte, the administrator for Norscreen, told PrintWeek: “We cannot comment on whether there is a set deadline for buyers, but we are continuing to trade and there is an interested party who we are currently holding discussions with.”
Norscreen went into administration on 5 January after losing contracts from retail clients including Woolworths. It cut 22 jobs as a result.
Norscreen had a turnover of £10m per annum and employed 104 staff, according to the PrintWeek Top 500. It was founded by chairman Bill Hesse in 1972 and moved into its New York Industrial Estate, North Tyneside in 1998.
In April 2007 the comapny purchased a KBA Rapida 205 after winning a pan-European deal with footwear giant Foot Locker.
Norscreen continues to trade despite lack of buyer
Norscreen, which trades as NSL Integrated Print Solutions and is currently in administration, is continuing to do business, despite not finding a buyer before its self-imposed deadline.
