Signex and Prologica Digital into administration
High profile Melbourne operation Signex and sister company Prologica Digital Print have gone into administration, with the first meeting of creditors set for next Monday.
Signex was established in 1985, and has been owned by local identity Doug Pieper for the past three years. The businesses hit the skids last Wednesday, with Hamilton Murphy Advisory appointed as administrators.
Signex offers the full range of sign and display services: it runs roll-to-roll and flatbed printers, with flatbed cutting tables, producing a range of work for a variety of clients, including the Australian Grand Prix.
It was hit hard by the cancellation of virtually all events and exhibitions, two of its primary markets, when Covid emerged in March,with the company losing the majority of its work overnight. Events it was due to work with including the Melbourne International Flower and Garden Show, the Grand Prix and several big golf tournaments were rapidly cancelled. It then tried moved into printing floor decals, and then window decals.
The creditors’ meeting will be virtual, in line with current Covid restrictions, creditors have until this Friday to register and / or nominate their proxies.