It has made cuts at both its Hemel Hempstead headquarters and its Peterborough factory.
"At the end of last year it became obvious we needed to restructure," said managing director Andy Cook. "Sales were out of kilter with optimistic sales targets. Its a reflection of the state of the global economy."
Despite that sales grew slightly, with a large increase in scanner sales spurred on by a move into lower-priced higher-volume products.
"We were recruiting last year with expectations of significant growth, which didnt come," said Cook. The majority of the staff to go (50), which included temps, were in support roles at Hemel Hempstead.
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"Congratulations to all! But I think Aidan and Steven need a few more first names between them……."
"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."
