Machinery and equipment from collapsed Melbourne printer Retail Communications will be auctioned off next month in a bid to raise some of the $1.7 million owed to creditors.
The digital print company closed its doors last month after owner/director Mark Archibald and his accountant decided to cease trading due to insufficient funds and go into voluntary liquidation.
The shutdown came as a shock to 15 staff members who have all lost their jobs and a large group of creditors who are still owed a total of about $1.7m.
Liquidators Con Kokkinos and Matthew Kucianski of Worrells Solvency spent last week examining the books and remaining assets and have now called in Slattery Auctions Victoria to organise an onsite auction.
Details of the items up for sale are not yet available but Retail’s tech line-up included a Fujifilm Inca Onset S20 and Onset S40i, an Esko Kongsberg XP cutting table, an HP Latex L65500, an HP Designjet Z6200 Photo Printer and a Mutoh ValueJet 1638 64” wide format printer.
The company, based at Oakleigh South in Melbourne’s south-east and with an office at Brookvale in Sydney, specialised in retail printing and print media, large format print, retail displays, cardboard displays and point of sale.
The Retail Communications website has now been taken down but the factory at F3, 13-19 Coura Rd, Oakleigh South VIC 3167, will be open for inspection on Wednesday 8 November from 9am to 4pm and the onsite auction will begin at 11am on Thursday 9 November.
The full catalogue is expected to be posted shortly on the auction page set up by Slattery.
Buyers’ premiums across all lots will be 12.5% (inc. GST). A deposit of 10% or $500, whichever is greater, is required on Auction Day.
For more information, contact: Michael Sloan on 0418 585 792 or email msloan@slatteryauctions.com.au