As a result the firm has made 14 redundancies mostly in administration, but including two sales roles.
RES managing director Robin East would not comment on rumours of RES sale to Westcoast, but elaborated on the deal between the two firms: "RES is a sales and marketing company, it makes pure commercial sense," he said.
The move doesnt affect the firms core sales and marketing activities, which include its pre-press and digital print operation RES Workflow, its consumables sales or its wholesale business handling the Hewlett-Packard DesignJet range of ink-jet printers.
Have your say in the Printweek Poll
Related stories
Latest comments
"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."