It's official! Focus Press is now in liquidation. Corporate liquidators, Worrells Solvency and Forensic Accountants, are winding up the company and preparing to dispose of the remaining assets, including the Matraville, South Strathfield and Illawarra sites. The fate of the Canberra site is still unknown.
Mark Shergill, BPA, tells Print21 that he has bought select assets and the company name, and denies media reports that he will take on the $12 million, government-backed Greenfield site in Illawarra. Shergill runs his business Print Warehouse from a neighbouring site in South Strathfield, where he says he will base the ongoing operations.
The outlook for ex-Focus employees is bleak, with David Fuller telling them last week their best bet was to seek entitlements from the government General Employee Entitlements and Redundancy Scheme (GEERS). The liquidation at least now opens up that possibility for the former workers.
Questions to administrators went unanswered, and David Fuller remains in media black-out. Site auctions are expected over the next few weeks.