Executive director sales Mike Warnes confirmed to PrintWeek that the firm was currently undergoing the compulsory two-week notice period with staff.
He didnt reveal the numbers involved, but said it would be less than 15 the figure suggested in industry rumours.
The move comes just over a month after the departure of managing director Jo Simons and the closure of the firms Leeds office (PrintWeek, 4 October).
Last week KPG bought MCSi sister firm Mitsubishi Chemicals Asian sales operation.
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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration.
We are all still left unable to claim the redundancy and notice pay owed..."
"Totally agree"
"Best wishes to everyone involved. Nice to have a good story to read in Printweek."
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