Liquidators have been appointed to Sydney-based trade finisher Perfectly Bound after its doors were locked and warehouse emptied in May.

The trade finishing business ceased operations six weeks ago. Its assets are now being handled by accountant firm Amos Insolvency under the name Complete Binding and Coding.

According an industry insider, the rent at Perfectly Bound’s premises in Slough Business Park, Silverwater was ‘shockingly high’ and contributed to the company’s failure.

An industry source also told ProPrint Smith attempted to resume trading after moving out of Slough Business Park; however the cost of moving kit allegedly proved too much to attempt a phoenix operation.

ProPrint has attempted to contact Perfectly Bound owner Michael Smith however he has been unavailable since the business closure in May.

Perfectly Bound acquired struggling laminating company TLC Print Finishing in 2014, rescuing the business from debts topping $175,000 after it was burnt by collapsed firm Focus Press.

It then moved into TLC’s Silverwater location from its Smithfield site soon after.

Perfectly Bound’s share of trouble also involved an arson attack last year which saw the Silverwater factory broken into and set alight, damaging presses and shutting down operations for a month. 

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