Ocean Post has failed in its bid to have its application for voluntary administration accepted by creditors.

The application, which was a last-minute bid to stave off liquidation, was thrown out at

Ocean Post has failed in its bid to have its application for voluntary administration accepted by creditors.

The application, which was a last-minute bid to stave off liquidation, was thrown out at a creditors' meeting last month.

While the five permanent staff at the Lower James Street facility have all been made redundant, Ocean Post managing director Steve Dann was refusing to rule out the idea of a last-minute deal.

Dann said: 'There are a number of courses we can take but after the last couple of weeks I wouldn't like to say what they are.' While he admitted the facility was 'totally in limbo', he confirmed 'something would happen in the next few days'.

However, the odds of Ocean attracting a last-minute white knight look bleak. The three-year-old facility applied for voluntary administration in April after racking up debts of nearly£900,000.