Administrators for Orbital Wines, which collapsed a fortnight ago with debts of more than £2m, are confident of achieving a sale in the coming weeks.
Menzies Corporate Recovery said there had been a queue of potential buyers who could see huge potential in Orbital's 100,000-case South African wine brand Stormhoek.
Orbital's collapse was blamed on cashflow issues, exacerbated by Stormhoek's delisting from Sainsbury's and Waitrose. Menzies said other elements of the business - the California Direct and Bulk Brokers operations - were effectively being subsidised by the branded wines operation.
Menzies' Paul Corlett said there was "no preferred bidder" at this stage and that the only real assets were the company's key brands, which also include Australian wine Camden Park.