Above: Sule Arnautovic from Salea Advisory

Five companies have indicatively expressed interest in purchasing the Access Print Solutions, GPG and Graphic Web businesses that have entered voluntary administration.

Administrator Sule Arnautovic held the first creditors meeting earlier today with Hermes Capital and the National Australia Bank identified as the major secured creditors.

“Five or so parties have showed interest and we are currently in the process of obtaining signed Non Disclosure Agreements (NDAs) and Confidentiality Agreements.

“We have been retained as administrators and there is no committee of creditors that has been formed.

“We can confirm all staff have been retained and were paid their weekly dues on Wednesday this week. Hermes Capital is currently funding the companies to enable payroll payments and trade supply commitments.

“There are reasonable prospects at this time that a sale of the business and/or a deed of company arrangement will be implemented”.

“There are currently 11 staff with the Graphic Web business, 47 staff with the GPG business and 19 staff with Access Print Solutions,” Arnautovic said.

In 2015, Access Print Solutions doubled the size of its business with the acquisition of Adelaide-based Graphic Print Group.

The collapse of Access Print Solutions follows the other recent voluntary administrations in the printing industry including Mesh Direct in April 2024, Starleaton in January 2024, and All Flags in 2023.

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