The closure comes just two and a half years after Waltham Abbey, Essex-based RRP bought the remnants of Rapid Response (Europe) (RRE) out of administration.

Jason Baker and Nick O’Reilly, client partners at Vantis Business Recovery Services, were appointed as administrators on 5 November and have confirmed that they intend to realise the value of RRP's assets.

RRP was initially created in April 2007 and bought the assets of RRE in July, when the latter went into administration.

When RRE went into administration, it held Harry Falconer, Ron Hawkins and Mark Johnson as directors. Falconer remained with RRP as a salesman, while former RRE director Mark Goulding as well as Mark Dyers became RRP directors. Dyer was delisted as a director on 3 February this year. Goulding left as a secretary the same day, but remains as a director.

RRP moved out of London in early 2008, to escape the high rents inside the M25.

In 2005, the company had a £10m turnover and employed more than 60 staff, however, based on 2009 figures, PrintWeek estimates that the company had a turnover of £4.5m.