Image source: Linkedin
sydney-based print broker Mesh Direct has gone into voluntary administration with several printers caught up in the collapse of the company.
Mesh Direct owes a number of wide format printers hundreds of thousands of dollars as well as staff entitlements of more than $250,000 – with total debt calculated to be $1,924,086.53.
Printers who have been caught up in the collapse of Mesh Direct include Jetmark Trade Signage (owed $218,327), Billboard Media (owed $82,853.46), Complete Banner Service ($22,938.40) and Insane Signs & Print (owed $19,269.83).
Sprinter understands that Mesh Direct director, Andrew Doenicke, was still operating his business a week ago and told printers he hoped to trade out of his financial difficulties in relation to a debt owed to the Australian Taxation Office (ATO) which has been disclosed to be $875,419.58.
Mesh Direct owes Amex Centurion $102,000, Amex Business $75,000, FedEx $37,899.96 as well as two $100,000 debts to PayPal and Business Fuel.
Nicarson Natkunarajah from Roger and Carson has been appointed as administrator of Sydney-based print broking business Mesh Direct. The first meeting of creditors has been scheduled for 22…
