It is understood the company had focused on its overheads and as a result the redundancies, mostly compulsory, have been made across a variety of departments including administration, technical and finance.
Unofficial reports claim some of the sacked staff are taking legal advice over the manner in which they were sacked.
But QSP group corporate affairs manager, Richard Hannam, said: ‘QSP has grown and changed in the last two or three years. We have looked at the running of our business and have found ways to improve it.’
The company said no more redundancies were planned.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season