BCR Advisory team
BCR Advisory Articles

Multimillion-dollar printing business collapses into administration.

BCR teamComments Off on Multimillion-dollar printing business collapses into administration.

This article was sourced from Smart Company.  Article by Broede Carmody.

A multimillion-dollar printing business that has been operating for more than 20 years has collapsed into voluntary administration.

Sydney Allen Printers Pty Limited appointed external managers late last week but appears to still be trading.

John Morgan and Geoffrey Davis from BCR Advisory have been appointed joint voluntary administrators.

A creditors’ meeting is due to be held on April 19 in Parramatta, New South Wales.

Sydney Allen Printers, which was founded in 1994, employs around 50 people.

The business specialises in sheet-fed printing, which is ideal for limited-edition books and small-to-medium print runs, and turns over around $14 million.

The company’s customer database is likely to fetch a good price if assets are sold off, according to trade press ProPrint.

 

For specialist advice regarding your specific circumstances, please contact the BCR team.

amy@bcradvisoryblog.com'
BCR team
The BCR Advisory team are a national represented firm with its main office located in Sydney. It is a boutique corporate advisory, recovery and insolvency firm that specialise in the SME market. The team’s reputation is built on their extensive experience within the industry as well as their fresh and innovative approach to problem solving for distressed business owners.Let us know what you thought about this article by leaving a comment below. Alternatively, you can get in touch with the BCR Advisory through our contact page.

Similar Articles

BCR Advisory articles
BCR Advisory Articles

Small business tax debts to be disclosed by ATO

Stephen James

Small business tax debts to be disclosed by ATO In its mid-year economic and fiscal outlook, the Australian Government announced that it will allow the Australian Taxation Office (ATO) to disclose tax debt information of businesses that have ‘not effectively engaged with the ATO’ to credit reporting agencies from 1 July 2017. Initially, this measure […]

BCR Advisory Commute
BCR Advisory Articles

Personal bankruptcy – what you need to know

Stephen James

Each year, it seems the stigma associated with bankruptcy continues to fade just a little…but should it? While every individual’s situation is different and needs to be considered on its own merits, there are upsides and downsides to filing for bankruptcy that must be understood before choosing the insolvency path.  Allowances in bankruptcy When an individual […]

BCR Advisory
BCR Advisory Articles

Reforms to address illegal phoenix activity

BCR team

Today, 12 September 2017, the Federal Government announced the proposed introduction of a range of new policies to combat the incidence of illegal phoenix activity in the business community. Details, as provided in the Government’s media release: The Turnbull Government is taking action to crack down on illegal phoenixing activity that costs the economy up […]