Reacon Australia has been placed into liquidation following a ruling by the Federal Court on Friday 9 May.

The administrators for the business, Simon Cathro and Andrew Blundell from Cathro & Partners have been appointed as the liquidators for the business.

“On Friday, the Federal Court wound up Reacon Australia following a petition received from Ctrl Print and as a result Simon and I were then appointed liquidators,” Blundell told Sprinter.

“In our role as liquidators for Reacon Australia, we are currently assessing the legal position of the company following the orders from last Friday. In the meantime, we will be continuing to trade while we seek legal advice in relation to what is now further required,” he said.

Blundell confirmed that the management of the assets and the business remain the responsibility of Cathro & Partners under liquidation in the same way it was under administration.

“Mail Marketing Works trading as MMW3degrees is not in liquidation. We are continuing as administrator for Mail Marketing Works trading as MMW3degrees and there is a creditors meeting scheduled for this Friday.

“We will provide a further update to customers and creditors in the next couple of days.”

On 8 April, Reacon Australia and Mail Marketing Works (trading as MMW3degrees) were placed into voluntary administration.

On 10 April, Westman Printing purchased Reacon Group – the parent company of Reacon Australia and MMW3degrees – with a view to restructuring the businesses through a Deed of Company Arrangement.

On 11 April, the initial Federal Court injunction that attempted to wind-up Reacon Australia was adjourned to be heard again on 9 May.

A Creditor’s Report has since been issued and is now available through the ASIC website.

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