One of Australia’s largest wide format printers, Melbourne-based Billboard Media, has been placed into voluntary administration.
Richard Albarran and John Vouris from Hall Chadwick were appointed as joint administrators on Monday 8 December.
In a notice posted by the Australian Securities & Investments Commission (ASIC), Jordan Developments Pty Ltd as trustee for Shreeve Family Trust No.4 (trading name Billboard Media) has been placed into voluntary administration.
The first meeting of creditors will be held at the Hall Chadwick premises in Sydney on 18 December at 10.00am.
Founded 40 years ago, Billboard Media is a printing company for large format indoor and outdoor media including billboards, banners, posters, cardboard, constructions wraps and more.
One major supplier of equipment to Billboard Media was informed about the company entering administration following an alert from a credit provider.
Last year, a workplace incident took place at Billboard Media where a contractor suffered two partially severed fingers investigated by WorkSafe Victoria.