For the first six months of the year the company recorded sales of 28.7m, down 17% on the same period in 2001, while its pre-tax profit fell 33% to 1.06m.
Litho Supplies has also decided to jettison its chemical manufacturing divisions, Lonchem and CK Chemicals, which has been sold.
The company will now have its chemicals supplied by Varn Products Company.
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"Sad to see another print company facing financial trouble. The industry is tough, and this highlights the ongoing challenges many are facing. Hope employees and customers get clarity soon."
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"So much for growth then!"
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