Two businesses associated with Australian trade printer Whirlwind Print have been put in liquidation after a general meeting of members of the companies.

The liquidation orders for both Whirlwind Print Pty Ltd and Whirlwind Print NSW Pty Ltd were uploaded to the Australian Securities and Investment Commission website overnight with Andrew Hewitt and Ahmed Bise listed as the appointed liquidators.

After weeks of speculation details emerged last week that trade printing giant CMYKhub had bought some of the equipment of Whirlwind Print, taken over the lease of the Knoxfield factory and bought the company’s customer list.

A raft of creditors, with some paper suppliers owed debts in the seven figure range, will now be lining up to claim what is owed while redundancy, long service leave, holiday pay and other entitlements for Whirlwind Print’s 100-odd staff are also hanging in the balance.

http://www.proprint.com.au/News/393042,creditors-gear-up-for-whirlwind-of-a-fight.aspx

More to come

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