MESH DIRECT IN VA WITH $1.9M DEBTS

Mesh Direct Media is in voluntary administration, the Sydney based large format print manager going down with debts of $1.9m, with several print businesses owed substantial sums.

The company specialised in large site signage, organising work for construction sites, developments sites, sporting and festival events.

The company farmed much of its print out to large format print businesses across NSW and Victoria. Among those now on the creditors list are Jetmark Trade Signage, in for $218,000, Billboard Media at $82,000, Complete Banner Service which is owed $23,000 and Insane Signs & Print in for $19,000.

Unsecured creditors will be in the queue behind the ATO, which is reportedly owed $875,000, and so face little prospect of seeing much if any of their money. Mesh also owes Amex and Paypal $375,000.

Mesh claimed to be 100 per cent carbon neutral. It organised one of Australia’s biggest ever wraps, the huge Woolworths building wrap in Sydney’s CBD, which was broken up into eight panels and attached to the scaffold by some 2000 ties.

The administrator is Nicarson Natkunarajah from Roger and Carson. First meeting of creditors has been scheduled for Monday, 22 April.