STS sinks after 37 years

Melbourne business STS Creative Printing has gone into liquidation, closing its doors after 37 years of operation with the loss of all ten remaining staff. STS was owned by Darren Moss, the director, and Trevor Stanley.

The staff had no prior knowledge that the business was in trouble, and were made redundant on the day it closed, taking to social media to express their angst.

Three months ago the outlook was bright for STS, with a pair of new printers installed and a new estimator and customer service and project co-ordinator due to come on board.

Adrian Hunter, one of the appointed liquidators from Brooke Bird says, "STS had lost a number of key staff in recent times. There was a reduction in the amount of work coming through and it was a competitive market. Their rivals were underquoting and they could not compete with that. In addition Trevor Stanley also retired recently and he had been in the print industry for a long time. Those four things combined I think led to its end.”

STS Creative was a specialist in point of sale and visual merchandising material. It offered services from large format, poster and display, screen and digital printing to decals, distribution and installation.

Among its equipment were a HP 7600 Flatbed Digital Press, a HP Latex 360 large format printer, a  Thieme 5070 four colour screen printing press, an Epson Stylus Pro 1180 press and an Ellitron Kombo automatic cutting plotter. It also had an in house pre-press art department, with a range of services from design to digital print.

The equipment will be auctioned off on May 22 by Dominion Graphics.

 

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