Liquidators keep lights on at Adherettes
Stricken Melbourne signage business Adherettes is continuing to trade while in voluntary liquidation as offers are sought for the company.
Liquidator Pitcher Partners is operating the business as prior to its appointment, and Andrew Yeo, who is in charge of the account, says all staff have been retained and customer orders continue to be met. The business is being traded as a going concern, he says.
“Pitcher Partners is presently also going through an urgent sale of business process looking to determine the next owner of the company’s business.
“Whilst we will not be commenting on specifics of individual offers, the liquidators hope to be in a position to make an announcement in the next 10 – 14 days,” said Yeo.
A date has not yet been set for a planned creditors’ meeting; any creditors are welcome to contact Pitcher Partners.
Adherettes’ liquidation shocked the Melbourne print industry. The 63-year-old business is a leader in the field, often producing pioneering work for a range of clients from some of the country’s most high profile companies, and is highly regarded across all sectors of the industry – clients, suppliers, and rivals.
It has been owned by the Ernst family since 1976, when Philip Ernst bought it from the original owners who started it 20 years earlier. Its current CEO is Mark Ernst.
The company operates from a 3,700sqm premises in Port Melbourne, and includes a range of highly specified equipment and skilled staff.