Apex and parent company Styash entered voluntary liquidation last month, with all 19 members of staff made redundant.

Jirsch Sutherland has been appointed as liquidators. Manager Otim Oluk told ProPrint that Apex would now be put up for auction after failing to find a satisfactory offer following a “sale campaign”.

“We did receive some offers, but after receiving a valuation for the business, we didn’t think those offers were realistic,” he said.

“We have to act in the best interests of all the creditors.”

The auction will take place at the former Apex Press site in the suburb of St Peters on 24 March. Oluk said that there have already been “a lot of interested inquiries” and the administrator is “expecting a good turnout” for the auction.

Oluk said the liquidation was simply the result of the company being “no longer in a position where it could continue to trade”. Analysis of the company’s books over the past few weeks revealed that “turnover levels at the company had reduced over the last few years”.

Oluk emphasised that there was “absolutely nothing untoward” about the company’s demise and that the directors had never been involved in a failed company before.

As well as the St Peters plant, the company’s assets include a five-colour Komori Lithrone 26 press and a Kodak Trendsetter News 100 CTP system.

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