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Gopher Graphics pops up again in time for Father’s Day

Tuesday, 19 August 2014
By Patrick Howard

The company behind Hurslton Park printing business, Gopher Graphics, stopped trading in March and had liquidators, SVPartners appointed in July with debts of $291,754.54. But Gopher Graphics is still in business.

Ironically, the company trading as the failed Sydney business, Gopher Graphics, started life as Commercial Debt Collection Services Pty Ltd in December 1993. It changed its name to ACN 062 895 774 Pty Ltd in 2000 and continued trading as Gopher Graphics until March. The company was operated by Ed Jones and focused on supplying printing and graphic services to registered clubs.

According to the liquidators total debts amount to $292,111.06 while there are no realisable assets. A number of printing companies including SOS and Elders Print are among the creditors owed many thousands of dollars.

It came as a surprise to at least one of them to learn that Gopher Graphics was still trading, running a Father’s Day special on its Facebook page. Ed Jones said there was ‘nothing uncommon’ in the matter, that there were three companies in his group that have been reorganised. He said, ‘these things happen from time to time’ and confirmed that Gopher Graphics was continuing to trade.

A meeting of creditors has been called by the liquidators.

According to a statement to creditors, the liquidators said The Company’s business had been declining due to the competitive nature of the industry it was competing in. The director has advised that a downturn in the printing industry combined with discounted pricing offered by competitors led to the Company having insufficient funds to meet its tax and other liabilities and hence he determined that the Company should be placed in liquidation.

Among the various printing and mailing companies listed as creditors the Australian Taxation Office is listed as being owed $116,088.93. According to the administrators an investigation is being held into whether assets of the business were sold prior to liquidation, to whom and whether they were at a fair value. They are seeking the books and records of the company in order to compile a comprehensive report to ASIC.

 

 

 

 

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