According to industry sources the printer’s troubles began to surface when it was locked out of its Strathfield factory following a rent dispute, forcing it to relocate to new premises in Lane Cove.

Liquidators SV Partners told Australia Printer they are in the process of determining the assets of the company, and were unable to say whether unsecure creditors will see their money.

An emotional SPH staff member also told Australian Printer that the collapse of the company will see 43 people lose their jobs.

The staff member who requested not to be named said, “A lot of people have lost their jobs, people with mortgages, just because someone can’t add and subtract. I’ve worked here for many years and it was a wonderful company, this is a really bad time for us.”

The 107 year-old company was purchased by current managing director Neil Armstrong and his West Australian business partner in 2007 after a previous owner put the business into voluntary administration.

Armstrong is also the former owner of Print Paper and Logistics, which went out of business in 2005.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter