Dobson & Crowther, a specialist printing firm, near Wrexham, has gone into administration with two thirds of its staff made redundant.
Administrators Baker Tilly said that 55 of its 79 employees have been let go, with the remainder staying on to fulfil existing orders, to see if the business can find a buyer.
“The company has recently incurred losses and to address these it has been necessary for the administrators to take the difficult decision make 55 redundancies,” read the statement.
“Baker Tilly will now work with the former employees and relevant government departments to ensure that the former staff receive their entitlements from the National Insurance Fund.”
The last 18 months caused severe cashflow problems for the company, which lost its largest customer at the start of 2014, this came ahead of a move to a new purpose-built site. Then a few months ago, the situation was exacerbated by the troubles at Paperlinx, which was its largest supplier.