Sumo kit on sale tomorrow

A vast array of wide format printing kit from collapsed retail printer Sumo Visual will go under the hammer tomorrow as administrators try to recover something from the $12m crash.

Auctioneer Dominion Group will sell off the company’s assets, including wide format printing and sign manufacturing plant and equipment, computers, office furniture, and motor vehicles in a live webcast auction from 10am December 4.

The 275 items for sale include 2011 Durst RH0800HS, 2011 Vutek GS3200, 2009 Durst RH0800, 2007 Durst RH035IR, 2011 Seiko H-7/4-S, and 2009 Mutoh VJ-1618A wide format printers, and 2008 Seal/Neschen UV80 and 2009 Seal 80 Pro laminators, plus late-model cutters, plotters, and guillotines.

[Related: More wide format news]

With kit going cheap at the Focus auctions in August, the Sumo firesale is a good opportunity for any wide format printers in the market for more equipment, but will not produce any return for trade creditors as Sumo owes more than $6.7m to secured creditors.

Interested buyers must immediately pay a 10 per cent deposit of any item they win and the rest within 24 hours. All items are subject to a 6.6 per cent buyer’s premium.

Equipment can be inspected at Sumo’s Melbourne facility today and from 8.30am until the auction starts tomorrow at 578 Plummer Street, Port Melbourne.

One of Australia’s biggest retail printers, Sumo went into administration on October 28. Administrators last week wrote a damning report to creditors saying it was likely to have been insolvent since July and amassed debts of $2.5m during that time.

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