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Bad form as Queensland printers lose entitlements

Wednesday, 15 August 2007
By Print 21 Online Article

The company – previously, Form Print – was placed in voluntary liquidation by directors Mark DeJesus and Richard Spark this month. Workers received a letter from liquidator SVPartners, advising them of their entitlements under the government scheme GEERS (General Employment Entitlements and Redundancy Scheme) as there is no provision for payment of wages and other monies owed.

According to one source there were no superannuation contributions made for the past two years.

Originally the company was to be offered as a going concern and it was kept operating to complete some contracts. Since then all staff have been let go and the equipment is being placed for auction at graysonline.com.au

This the second time the company has gone broke and is indicative of the hard times being faced by forms printers as multi-part forms are hit by computer technology. Among the company�s clients was the Queensland Police Service.

Nexus had a turn over of $5.5m, of which 40 per cent was trade business. One of the major customers, Colourscan Printing, has employed a number of the staff.

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