Administrators for corporate furniture and storage supplier Triumph Furniture expect to complete a sale of the business by the end of the month.
The family-owned business with factories in Merthyr Tydfil and Tredegar employed 300 people until it collapsed last month. A large proportion of its customer base was from government departments and 60 local authorities.
Administrators made 110 people redundant and began restructuring the business while maintaining reduced operations.
Nigel Hamilton-Smith, a partner at administrators FRP Advisory, said Triumph was an established brand that worked with a significant number of private organisations.
“Following cuts to budgets Triumph experienced a lower than expected volume of sales from clients it had otherwise relied upon during the recession when private sector spending fell.
“Over the past few weeks we have received a large number of expressions of interest and we are currently reviewing all viable offers. We anticipate announcing a sale within the next few weeks.