STS liquidator says market too tough

Key staff leaving and a cut throat market have been cited as reasons for STS Creative Printing in Melbourne going under. 


The business owned by Darren Moss and Trevor Stanley closed its doors last Friday after 37 years of operation, with its nine staff being made redundant on the day and employees venting that no prior notice had been given.


Adrian Hunter, one of the appointed liquidators from Brooke Bird says, "STS had lost a number of key staff in recent times. There was a reduction in the amount of work coming through and it was a competitive market. Their rivals were underquoting and they could not compete with that. Trevor Stanley also retired recently and he had been in the print industry for a long time. Those four things combined I think led to its end. 

[Related: STS into liquidation] 


"We have appointed Dominion Group to be the auctioneers. They will auction off the plant equipment May 22 at this stage."


Among the company’s equipment were an HP 7600 Flatbed Digital Press, an HP Latex 360 large format printer, a Thieme 5070 four colour screen printing press, an Epson Stylus Pro 1180 press and an Ellitron Kombo automatic cutting plotter. It also had an in house pre-press art department, with a range of services from design to digital print.

Hunter says, "It shows that is a challenging time for the whole industry, there is a lot of pressure."

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