Administrators at Jourdans are selling its assets after failing to find a buyer for the Exeter-based specialist packaging company, weeks after it stopped trading.
Jerry O'Sullivan of accountancy firm Bishop Fleming said a structured sale of the company's assets was underway to maximise return to creditors.
These assets are to be sold through an online auction, details of which can be found by visiting www.edwardsymmons.co.uk.
Jourdans had been operating with a skeleton staff of three people after it went into administration last month due to unexpected bad debts and the withdrawal of credit facilities by suppliers.
Jourdans was affected by a debt last year, and a number of suppliers had withdrawn credit facilities due to "an adverse insurance report".
The family-owned firm, which also has a small office in London, produced specialist packaging for markets such as music, cosmetics, wine and toiletries.
It employed 77 staff.
Jourdans Crediton, a separate entity that is based near Exeter and produces point of sale purchase displays, is not involved in the administration.
Source: packagingnews
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