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Melbourne trade printer into liquidation

Friday, 21 April 2017
By Graham Osborne

Trade Colour Cards premises, 49 Stephen Rd, Dandenong South

Melbourne trade printer Trade Colour Cards has gone into liquidation after 20 years in business and a meeting of creditors will be announced shortly.

At a company meeting last week, Trade Colour director John Agarski – who’s also company secretary and the only shareholder – decided to wind up the company and appointed Richard Judson of Judson & Co as liquidator.

“What the director has to do now is prepare a list of the assets and liabilities of the company and that report will then be presented to a meeting of the creditors,” says Judson.

It’s understood creditors include a number of trade clients and a former director who invested ‘a substantial amount’ in the Trade Colour business several years ago before resigning in May 2015.

Despite the liquidation move, Trade Colour Cards remains open for business at its Dandenong South factory, according to a person who answered the phone at the premises this morning.

Agarski has been unavailable for comment.

Trade Colour started in July 1996 as a trade service to Printers only.

An online business directory estimates the company generates $4.77 million in annual revenue and employs about 20 people.

Creditors can contact Judson at mvol@dingley.net

[An earlier version of this story included a link to tradecolourcards.com.au, which, in fact, links to the website of a separate company, also based in Dandenong South, called Dynamite Express Cards.

There is no link between the two businesess.

The website of Trade Colour Cards, the company in liquidation, is http://tradecolour.com.au

Print21 apologises for the confusion].

 

 

 

 

 

 

 

 

 

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3 Responses to “Melbourne trade printer into liquidation”

  1. April 19, 2017 at 9:15 pm,

    Fred
    said:

    Not true about the website and the companies are not related at all!

    Dynamite registered the website before Trade Colour Cards did. Trade Colours web site is tradecolour.com.au
    A new company called Trade Colour was registered in December 2016 with a Dandenong Postcode.

    John actually had a partner called TJ and he told suppliers and customers that he has heavily invested into the company and might lose up to $400k. So, how is John the only shareholder (or was TJ not officially involved, even though he was always introduced as the “partner”?

    The business was in strife for some time and they struggled to pay suppliers. It was always somebody elses fault according to John, but never his own.

    The liquidator has already told some suppliers that they won’t get any money, as they are Tier 2 suppliers with unsecured debt. I feel sorry for the engineers that organised the move to Dandenong and installed the machines, as they won’t get a cent, but promised only two weeks ago they would get paid.

    Their inability to run a business is now dragging other people down.
    I hope that John will never work in this industry again!

  2. April 21, 2017 at 3:18 pm,

    Fred
    said:

    Isn’t it interesting that they are now trading as Trade Colour Pty Ltd?
    A known supplier in the industry (plates and chemicals) is already supplying them on a COD basis!
    Suppliers and honest customers should stick together and not let unethical people get away with this!

  3. April 21, 2017 at 6:24 pm,

    JOE
    said:

    Well its sad another one has gone due the whatever reasons. Its not the first nor will it be the last. Printers expect trade to do things for nothing and then don’t or slow pay or worst still charge clients $60 for 1000 cards causing everyone to lose or match their prices. This article by Graham Osborne has got so many wrongs as well referring to one company then another saying first they are linked then saying not. Really don’t rush, take a breath and GET IT RIGHT. People get your facts straight before you say things cause it makes you look foolish. 37 years in the industry and just hanging in there so I do know a thing or two about printers, brokers, suppliers and mechanics

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