Melbourne based printer Retail Communications has gone into liquidation, with its cash flow unable to service its growing debt, thought to be in excess of $1.5m.
The company is owned by Mark Archibald, who has had the company – which has between 15 and 20 staff – for almost 11 years.
The business is currently under external administration by Worrells Solvency and Forensic Accountants, which is preparing a report for the creditors.
Retail Communications was one of the country’s bigger independent display graphics producers, with a pair of heavy duty Fujifilm Onset digital printers heading its fleet, although the latest of those was bought five years ago when business was booming.
[Related: Printhouse group under liquidation]
According to the ASIC site, a general meeting of the members of the company resolved that the company be wound up and that Con Kokkinos and Matthew Kucianski of Worrells Solvency & Forensic Accountants be appointed liquidators.
The Melbourne company specialised in quality and management for retail printing and print media, large format print, retail displays, cardboard displays, point of sale (POS).
Retail Communications says it offers its clients industry experience, cost reduction initiatives, reporting procedures, stock management, design service and distribution management.
The company has been using Inca S40i and S20 printers, printing on to almost any substrate up to 50mm thick. It also has roll to roll printers from HP Latex and Mimaki.
In addition to its Melbourne headquarters the company also operates out of Brookvale in Sydney.
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