Administrators from Begbies Traynor have sold the assets and contracts of the £1.5m turnover family-run business to its parent company Barcon Systems.
Joint administrator Jason Greenhalgh said: “As a result of this sale the 24 jobs at the site have been saved.
“It has also resulted in many of the customers orders remaining on track with the purchaser now working hard to meet the deadlines.”
He added: “The company began to experience financial difficulties as a consequence of a large debtor write off in 2011 which resulted in cash flow problems.
“Prior to this BarCon had experienced a downturn in the orders as a result of the recession, but were managing to keep the business trading with time to pay arrangements with HMRC.
But further VAT liabilities in excess of £100,000 were incurred and the firm failed to meet the payment deadline leading to a winding up petition being presented by HMRC in Dec 2012.