The East Riding Gazette has gone into voluntary liquidation with debts of £580,000.

The newspaper ceased publication in January, two years after its launch, and Mark Loftus and Stephen Ellis of accountants PriceWaterhouseCoopers have now been appointed joint liquidators.

As the paper had already been out of publication for several weeks before going into liquidation, it is unlikely that it will be sold as a going concern and instead its assets will be sold off to help repay its debts.

However, if anyone should be interested in the rights to the newspaper’s name, they should contact PriceWaterhouseCoopers.

The newspaper’s directors made all staff redundant prior to liquidation, and PriceWaterhouseCoopers will be helping employees to claim any monies due to them.

The paper was launched in January 2003 by former Hull Daily Mail man Neil Speight.

It was a free broadsheet, produced by Holderness Newspapers, and was distributed around the East Riding and west Hull, with paid-for copies available elsewhere.