David Scott of Scott Partners Consulting was appointed liquidator on 16 February after the Australian Taxation Office wound up Moorabbin Printing over a $76,000 debt.

The company owes at least $339,000, including $236,000 to the Bank of Queensland and $2,900 to CTV Binders. That figure may increase if other debts surface, said Scott.

He told ProPrint he didn’t know why Moorabbin Printing had failed, as he had not yet received the books from director Precis Pool.

However, he said Pool had blamed international competition and the high Australian dollar for his decision to cease trading around July 2011.

ProPrint spoke to other printers in Moorabbin, who said that didn’t make sense, and that the company should have benefited from a high Australian dollar as it would have made imported supplies cheaper. They were also sceptical about the claims of international competition.

One printer had taken on some of Moorabbin Printing’s staff and equipment and bought a client list.

Moorabbin Printing has realisable assets of $4,000. It previously traded as Mosshill and is believed to have had three or four staff.

Pool failed to return ProPrint‘s calls. He is now working as a pawnbroker, according to the liquidator and LinkedIn.

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