Beaver Press entered voluntary administration following earlier reports that the Sydney printing company is set to merge with Chippendale Printing.

PKF administrator Atle Crowe-Maxwell said it would handle the administration like any other company insolvency. A creditor’s meeting will be held next Monday (19 April) in Sydney to confirm the appointment of PKF.

“Obviously they were having financial difficulties, otherwise they wouldn’t have appointed us,” Crowe-Maxwell said. “There’s no reason why you’d enter administration if you weren’t in financial difficulty.”

Crowe-Maxwell said it was too early to comment on whether Beaver and its assets would definitely end up in the hands of Chippendale, but said that any contracts entered into prior to administration, or about to be entered into just prior to administration, would be investigated.

Beaver general manager David Francis told ProPrint that the move into administration was “more of a strategic thing” as part of its “merger” with Chippendale Printing.

His father, Robert Francis, founder and managing director of Beaver, told ProPrint that Chippendale was “aware that I would wind up Beaver Press”, and that the deal would not be affected by the move.

Chippendale Printing managing director Fred Van Steel refused to comment when contacted by ProPrint today.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter