Business consultancy firm, Iconic Advisory says it is ‘close’ to closing a deal which will see print company Sydney Allen – which was placed into administration late last week – sold off. Iconic, which describes itself as a firm helping companies ‘get back on track’ told Australian Printer that lawyers are currently looking over paperwork to finalise the sale, however the name of the buyer cannot be released at this stage.
Sell off: Sydney Allen printers is ‘close’ to being sold
It is unclear whether Iconic is working with Sydney Allen’s receivers, Hall Chadwick or its administrators, BCR Advisory, or another party. Sydney Allen staff remain in the dark about the failed company’s future and are waiting to hear if they will retain their jobs, or receive any form of compensation. A Sydney Allen employee who wishes to remain unnamed told Australian Printer that some employees had stopped receiving superannuation months prior to the company going under. Sydney Allen director John Mangos is yet to speak on the matter and is not returning phone calls.
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