Skope winding up order dropped as Di Sign paid

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Melbourne signage operator Di Sign has dropped its winding up order against controversial signage business Skope, with Skope paying the outstanding invoice.

The move to wind up Skope, trading as Scream Visual, was initiated earlier this month and was due to be heard in court in two weeks.

Website: Sign copany Skope has signage
Dropped: winding up order against sign company Skope

Skope hit the headlines earlier this year when Clear Skies – t/a signmaking outfit Skope Group Manufacturing Services – was successfully steered into a DOCA, which saw 70 per cent of its $2.3m debt disappear from its books.

Clear Skies racked up enormous debts in the last three years: it owed $813,000 to the ATO and $724,000 to trade creditors, with other Skope Group entities owed $738,000. It lost $116,000 in 2017, $853,000 last year, and $842,000 this year. Skope itself owes $185,000 to Clear Skies and is the biggest debtor.

When it was put into administration, the administrator raised questions over the ownership of the company, its business model, and its trading history. The company was bought out of administration by Skope owner Ann Orren for $100,000. It was given three years to pay off $500,000 to creditors and two years to pay the $288,000 to the ATO.
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