Twickenham Film Studios is back on the market after the company that won the bid pulled out for “personal reasons” last week.

Gerald Krasner, of Begbies Traynor, joint administrator of Twickenham Film Studios, said he could not say why the company had pulled out, but he could confirm it was not for financial reasons.

The purchaser had put forward a £100,000 deposit, which it has lost, and Mr Krasner has said the money would be used to help maintain the site as it is.

Mr Krasner was adamant the studios would not be sold for property development, which was previously feared by campaign group, Save Twickenham Film Studios (STFS).

Mr Krasner said: “If I believe something, I will go on the record and say it and I am confident that a sale will be made, ultimately keeping it as studios.”

The exclusivity period for the purchase of the site ended on Wednesday, May 23, and the potential purchaser pulled out on Friday, May 18.

Mr Krasner said: “The aim is now to remarket the business to all those who have previously expressed an interest in the site and business.”

The joint administrators have prepared a sales pack that will be issued to any interested party on completion of a confidentiality statement. There are 45 bidders for the site.

STFS campaigner, Lynn Faulds Wood, said: “We hope that one of the 40 or so bidders will come through as a genuine buyer and keep it as studios. This is a world class film production site that most of us didn’t know existed.

“People have woken up to what we have on our doorstep and we desperately want to keep it.”