The Sydney-based company, which supplied wide-format digital equipment and consumables nationally, appointed Worrells Solvency & Forensic Accountants on 26 August.

Worrells report valued Supply One’s assets at $2.3m and estimated there would be a $16,500 deficit after all debts were paid off. However, this hinges on prices obtained at auction.

The largest debts are to suppliers, including leading digital kit manufacturers and consumables firms.

ProPrint tried unsuccessfully to contact director Gary Reynolds, but obtained a copy of a letter credited to him that was sent out to customers and suppliers.

“I apologise if we have let you down in any way and let you know this was never my intention,” it read, saying “the buck stops with me” and giving his “sincere appreciation and apologies”.

MacTac Australia was one of Supply One’s largest creditors, with an unsecured debt of $177,634.

A number of the substrate supplier’s products were distributed exclusively through Supply One.

MacTac’s phone lines were inundated, with an overwhelming number of inquiries yesterday. Business development manager David Worth told ProPrint the company had faced a challenge in lining up a new distribution channel for its coloured films, but was hoping to have the issue resolved by the end of the week.

“Due to Supply One’s liquidation, we are in the process of trying to consolidate some stocks and find new distribution channels,” he said.

“Anyone who may have been affected, we are sorry for that.”

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