Recruitment advertising firm The Green Partnership has gone into voluntary liquidation, after the sole director decided it was no longer possible to continue trading.

The Nottingham-based firm had been offering a service to small and medium-sized firms since 1996, but has now ceased trading.

Director Robin Green blamed industry-wide cuts in agency commissions and cashflow problems for the closure of the company.

Although the Green Partnership once had a turnover of more than £2m, it was hit hard by the collapse of ONdigital and a design house it worked with.

However, the reduction of commissions from 15% to about 10% across the industry further damaged profits. Consultant EWS is handling the liquidation.