Queensland t-shirt printer Instathreads has appointed liquidators and shut its doors for good, citing a ‘competitive industry’ as its reasons for closure.

Instathreads had been in business for three years before ceasing operations and assigning Morton's Solvency Accountants to wind up its assets.

The Robina-based garment printer attributes a challenging market to its liquidation, and says outstanding creditors and suppliers will be dealt with directly.

“After three years and a lot of shirts we just could not do it anymore. The t-shirt industry is a competitive one and despite our love for the business we just couldn't justify continuing on,” its website reads.

The direct-to-garment printer offered design, direct to garment, screen printing and shipping services for its customers.

Instathread’s liquidation comes shortly after garment printer counterpart Redbubble successfully floated on the ASX. Start-up Redbubble raised $30m in capital and is now valued at $287m despite a challenging industry for print entrepreneurs. However it has a vastly different business model to Instathread, using the internet to command a global market.

Instathread offered printing services out of its print kiosks at Robina and Carindale in Queensland and through an online store.

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