The liquidators handling the Rotary Offset Press (ROP) insolvency have advised the print firm ceased trading on March 11 due to “industry transitional issues/technology developments.” Launched in 1960, ROP was a second-generation owned litho printer and book binder, employing 50 staff. On March 16 the business name appeared on a list of recently insolvent businesses, released by Sydney insolvency practice, Jamieson Louttit & Associates.

Liquidators: Technology developments led to ROP insolvency

A statement released by liquidators from Cor Cordis Chartered Accountants says any payments owed to staff are, “subject to ongoing asset recoveries of the company.” They advise staff can also lodge a claim through the Australian Government’s Fair Entitlements Guarantee (FEG) scheme, which provides financial assistance to eligible employees who have lost their job due to their employer’s liquidation or bankruptcy. Cor Cordis has confirmed ROP’s director, Robert John Tarasov owns Sydney graphic design agency Halagraphics, which is also facing insolvency.  The two companies are listed under the same address at Arthur Street, Homebush. The liquidators also note the business has various secure creditors, but cannot provide any further details at this time. Cor Cordis is currently running an expression of interest campaign for the purchase of ROP’s assets and business operations, any interested parties are advised to contact the liquidator’s office.

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