GRH Food Company, a Minffordd cheese factory which collapsed into administration in June, could be bought again as offers have been submitted to administrators KPMG for the business.

Administrators were appointed to GRH, a family business established in 1989 which supplied cheese products to retail, wholesale and food service industries, on 24 June after the company suffered cash flow issues and was unable to meet its financial obligations.

The factory had employed 86 members of staff at its base in Snowdonia Business Park, most of whom were made redundant before the appointment.

Their closure came just two years after the business received almost £2m in funding from the Welsh government to relocate to its new headquarters.

Last week it was announced that GRH had left a trail of debt behind it, owing millions of pounds of debt to unsecured creditors and leaving employees and other firms in financial trouble.

But, while originally a buyer could not be found for the business, offers are in the process of being reviewed, which has sparked hope that jobs might return to the Minffordd factory.

As part of their duties and in case any appropriate offers fall through, the Joint Administrators will also undergo a marketing process soon to sell the assets on an individual basis.

Paul Dumbell, joint administrator and director at KPMG, said: “We have received significant interest from potential buyers in recent weeks and negotiations are ongoing.

“For completeness, we must also explore the option to sell the assets separately before making a final decision. Naturally, our preferred option remains to secure a suitable new owner for GRH and its assets as a whole.”