Some 212 printing industry creditors have so far lodged claims for $11.4 million, while 456 non-industry suppliers have claimed $3.9 million.

The creditors list shows 121 creditors are owed more than $10,000; 20 creditors are owed more than $100,000; and two creditors are owed more than $1 million.

Paper debts total $5.6 million, including $3.1 million for BJ Ball, $1.2 million for KW Doggett and $960,000 for Spicers. Paper merchants stopped supplying Geon once it collapsed, and said they would only resume supply once all their debts had been honoured.

Major claims include $710,000 for Heidelberg, $490,000 for Hostmann-Steinberg, $280,000 for Fuji Xerox and $255,000 for Currie Group. Singapore firm Markono Print Media has a $370,000 exposure.

[Feature: The story behind Geon's collapse]

The Printing Industries Association of Australia is owed $25,000.

Geon's former chief executive, Graham Morgan, is owed $62.

Non-industry claims include $478,000 for Australia Post, $477,000 for TNT and $66,000 for Ernst & Young, which was handling Geon's sales process before the group collapsed.

Administrators PPB Advisory told ProPrint that Geon's debts are "likely to exceed $120 million" – a $10 million increase on its 5 March estimate.

A spokesperson said owners KKR and Allegro were owed $91 million, trade creditor claims were likely to reach $17 million, and that staff claims were likely to increase beyond the current estimated figure of $10 million.

"It is unlikely that there will be a return to unsecured trade creditors, however employees, being priority creditors, are able to commence their claim with through the Fair Entitlement Guarantee scheme," said the spokesperson.

[Related: Ups and downs of Geon]

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