The Enquirer understands talks broke down with MJM last Friday.
Administrator Deloitte has now closed down the business with the loss of 144 jobs.
A handful of staff will be kept on to finalise a small number of existing contracts near completion.
The administrator has already let 98 staff go earlier this month.
Peter Allen of Deloitte said: “The company was traded for a period of two weeks, while expressions of interest in the business as a going concern were explored.
“We received a number of indicative offers, but unfortunately no purchaser was able to complete.
“Although the business will now close, we are hopeful that there will be meaningful interest in a packaged sale of the assets.
“We would like to thank the company’s employees for their support and professionalism during this time.”