The £4m-turnover Marden-based business, which fell into administration on 31 March, was bought by a joint venture headed by former Dsicmm chief executive and DST Output executive vice-president Yolanda Noble and Millnet founder Marcus Craggs on 11 April.

“I still think there’s longevity in the sector and there has been a lot of rationalising among the big players that are out there fighting for big [DM and transactional] contracts. And I think that there are lot of smaller clients out there than can be serviced by a smaller business,” said Noble, chief executive of the new business.

“Clients have been telling me to do this again, and that’s partly what encouraged me to get back into print. But this is just the starting block; I’m not going to go for £100m again, but I want to get on a bigger scale than we’re currently on, but certainly not a £100m monster.”

She said the business had the opportunity to grow to £7m-£8m within its current set-up, although she would be looking at M&A-driven growth as well as organic growth further down the line “if the right acquisition same along”.

“I’m absolutely up for that – I love buying businesses,” she said.

The new business, Millnet Document Solutions (MDS) was incorporated on 9 April, with Noble and Craggs equal partners.

MDS bought the business and assets of Print Logic, securing the jobs of the firm’s 24 staff – all of whom will remain.

“We have a great team there; they’re just a bit battered after everything they’ve been through,” said Noble.