Around 10 staff have been made redundant in the last week, with 80 remaining at the flexible packaging print plant as it continues to trade while a buyer is sought by corporate recovery specialists Tenon Recovery.

A spokesman for Tenon said: "There are several interested parties we are talking to, both in and outside of the business, and we are hopeful of a sale".

Kroll Buchler Phillips partner Lee Manning, who handled the CVA in November last year, said the firms directors decided to call in the receivers after cashflow problems prevented Romney from meeting its CVA commitments.

The firms last accounts show a pre-tax loss of 547,501 with no sales figures, although the company claimed to have a turnover of 11.4m.

Romney emerged out of an MBO from Mars Confectionery in 1983 and moved to a new Swindon factory in 1999, replacing sites at Slough and Westmead (PrintWeek, 28 May 1999).