According to administrator KPMG, Louis Drapkin, which printed brochures and leaflets, owed unsecured creditors around 700,000.
Joint receiver Mark Orton told the Birmingham Mail that the firm went into receivership due to falling turnover and squeezed margins.
"It was a family business and the management team were understandably very upset to see it go," he said.
It follows the fall of another long-established printer in the West Midlands, Albany House, before Christmas.
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"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
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