Troedel-Docucopy was liquidated on 27 June, 14 months after being born out of a merger. Its production divisions were also wound up: offset arm Troedel & Co, which is officially known as William Troedel & Co, was liquidated on 25 June, while digital business Docucopy was liquidated on 4 July. They all have separate liquidators.

Troedel-Docucopy's liquidator, Andrew Hewitt from Grant Thornton, told ProPrint that the firm owed about $1.5 million.

Docucopy director David Shandler estimated his firm's debts at $1.2 million when he filed for liquidation, according to a document lodged with ASIC. A spokesman for liquidators PPB Advisory said it was in the process of selling Docucopy's only production printer, a Xerox Color 1000.

Troedel & Co's liquidator, David Vasudevan from Pitcher Partners, said he was still trying to determine the size of the firm's debts.

Meanwhile, Troedel & Co's equipment was auctioned yesterday by Lockwood & Co.

The auctioneer's managing director, Tom Lockwood, said all the items were sold and declined to reveal how much money was raised. He said local buyers picked up the two main items – a six-colour Heidelberg Speedmaster SM 74 and five-colour Heidelberg Speedmaster SM 52.

The auction list also included a two-colour Heidelberg GTO 52, one-colour Heidelberg GTO 52, Heidelberg cylinder, Agfa platemaker and an assortment of finishing machines.

[Facebook: Auction photos]

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