The direct mail giant's results for the 12-month period ending 30 June 2009 showed that it recorded a loss of £2.2m, compared with a £2.3m profit for the previous year, on a turnover of £76m, which was up on the £69m sales made in 2008.

According to the auditor's report, Dsicmm has short-term cashflow difficulties after it used invoice discounting facilities in 2008 to finance its growth.

That year, the Essex-based firm invested £10m in its Dagenham supersite before acquiring Dataforce, Emeness and Colourworks Docklands over the next two years.

"As a result of these financing arrangements, the company's balance sheet at 30 June 2009 shows net current liabilities at £12.3m," the auditor said.

The company declined to comment on the situation. However, its likely takeover by DST Systems is expected to solve any existing financial difficulties.