The packaging pre-press company is part of the German group Janoschka. Corporate recovery firm Butcher Woods has been appointed to advise and assist the directors of Impress with a view to take the company into liquidation.
There will be a meeting of creditors on 13 October when a liquidator is likely to be put in place.
Impress had a workforce of 13 and in 2004 it had sales of 1.5m (2.3m).
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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."
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