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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.

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