Administrator Leonard Curtis confirmed the proposal which was sent in a letter to creditors.
Discount garden and DIY goods supplier 151 Products bought the fertiliser, pesticide and garden care products brand in December 2012.
The acquisition meant 151 has access to Doff's metaldehyde production. Chiltern Farm and Bayer are the only other metaldehyde manufacturers.
The plan was for chairman Graham Whyatt and managing director Matt Jones to run Doff, established in 1946, as a standalone business, while 151 rebranded and marketed the firm.
151 has eight brands and has plans to reach £100m turnover by 2015. Whyatt, Jones and fellow director David Lloyd have now stepped down as directors according to Companies House.
151 said in December that all Doff's existing product lines will be continued.
Blue Diamond, Dobbies and Notcutts are among stockists but Doff has lost some business with B&Q and Wilkinson, Sinclair and STV have picked up some of the contracts.