Clifton Hall is overseeing the administration of the company, Simon Miller, director, Clifton Hall told Australian Printer, “I have had a dozen parties show interest in the business and/or assets. Information is being provided to the interested parties to further that interest.  A couple of those parties have expressed an interest in just one side of the business, but most are looking at the complete package.

Hyde Park Press went into voluntary administration last month, after running out of cash. However it has a healthy order book and is currently processing $700,000 worth of work through the plant.

The creditors meeting was chaired by chairman of Clifton Hall, Timothy Clifton who was appointed the proxy for the meeting, as a small number of creditors attended.

Clifton outlined the background to the appointment, the efforts of the Administrators and Hyde Park Press employees in finishing work in progress and collecting debtors, the sale process, and the current financial position.

The creditors present elected a Committee of Creditors, a representative body that can meet with the Administrators to discuss significant issues. Miller says, “In this administration, this may be useful to discuss any offers that are received in the coming weeks.”

The trading of the Hyde Park Press business has continued, with a number of large orders to be sent out shortly.  Miller says, “Staff have been kept busy, with some overtime required to get through current work in progress.  Suppliers have been co-operative and facilitated a smooth trading process with minimum disruption.”

Hyde Park Press managing director Barry Davis was unavailable for comment.

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