Plymouth-based luxury pen maker Conway Stewart Manufacturing (UK) Limited has entered administration, resulting in four redundancies.
The company produced and supplied hand-made pens to notable figures such as US Presidents and UK royalty, but had struggled with declining sales in recent years.
Conway Stewart had previously entered administration in October 2010.
Jason Elliott and Craig Johns of Cowgill Holloway Business Recovery were appointed as joint administrators of the company on 28 August.
Elliott, partner at Cowgill Holloway Business Recovery, said: “The challenging conditions in the UK manufacturing and retail sectors are well documented. Like many others, Conway Stewart has been hit hard by the difficult economic environment and a slowdown in consumer spending.
“Discussions are taking place with interested parties in respect of a sale, we welcome any approaches to purchase all or part of the business.”