Jobs will be lost at a famous firm based in Kettering which has entered liquidation.
Printing machine manufacturer Timsons Ltd, based in Bath Road, has confirmed that 25 jobs will go after the firm was unable to attract orders for its digital printing equipment.
Timsons, which was founded in 1896, had concentrated on the digital equipment following a reorganisation of the business last year.
In a statement released today (Friday, January 9), a spokesman said: “After a significant drop in the sales of printing presses Timsons Ltd announced a restructure of the business in 2014. It ceased production of conventional lithographic presses in order to concentrate on the manufacture of digital printing equipment.
“Unfortunately in the period since restructuring Timsons Ltd has been unable to attract further orders for digital equipment and as a result trading losses have continued.
“These losses have meant Timsons Ltd can no longer continue to trade and the directors have taken steps to place the company into a Creditors’ Voluntary Liquidation.
“This will result in the closure of Timsons Ltd. and the loss of 25 jobs.”
The firm is a separate company to the nearby Timsons Engineering, in Water Street, and Timsons Incorporated, which are not directly affected by the move.
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