Silverscreen Print has been wound up after its receiver failed to find a buyer and its assets are being auctioned.
The 148-staff firm in Gateshead and Newton Aycliffe, County Durham, went into receivership in mid-August.
Ian Lester, a senior manager at PricewaterhouseCoopers, said: "We had a skeleton staff at both locations and it was almost impossible to interest buyers. The reality is there was almost no business there."
Bailiffs at Gateshead auctioned the printer's kit in late September. Details of kit sold was not available. The 2,500m2 building is for sale for 1.18m. Surveyor Naylors said a printer was interested in buying along with other firms, but would not reveal further details.
Gear at the Newton Aycliffe building went under the hammer on 10 October.
Story by Jez Abbott
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"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
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