Joint administrator Paul Flint said that despite negotiations with a number of interested parties over the past two months he had been unable to conclude a deal.
KPMG Corporate Recovery retains a skeleton staff of five to ensure all remaining orders are completed.
We have taken the tough decision to cease production and make 44 employees redundant, said Flint.
When WE Berry went into administration last year (PrintWeek, 4 December) it had 150 staff. The administrators had run the business as a going concern in the hope of finding a purchaser.
WE Berrys press firepower included a Heidelberg M3000 24pp web, as well as an M600 and two M110s. Flint added that KPMG was in talks with an international firm regarding the sale of the machinery which could conclude in the coming days.
In the year to March 2002 WE Berry made a pre-tax loss of 1.12m on a turnover of 18.8m.
Have your say in the Printweek Poll
Related stories
Latest comments
"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!"
Up next...
Replacement 'will be operational later this year'
Walstead makes decision on Bicester 64pp
'Ridiculous decision'
Unite “prepared to fight” on proposed DS Smith site closure
Also helps mitigate volatile energy prices
