So Wrapped into liquidation; Swift Signs creditors mull DOCA

Gold Coast sign business So Wrapped Signs has been wound up by order of the Supreme Court in Queensland and a liquidator is sorting through the company’s assets and creditor list.

J & N Expo Group Pty Ltd, formerly trading as So Wrapped Signs, went into liquidation by an order of the court on November 8. Terry Grant van der Velde of SV Partners in Brisbane was appointed liquidator.

So Wrapped Signs, based at 28 Greg Chappell Drive in Burleigh Heads, Queensland, offered a range of work including vehicle wraps, vehicle custom signage and colour, wall graphics, corflute signs, PVC signs, window graphics and more.

Director Nathan Cutforth had been in business for almost six years. 

The administrator called a second meeting of creditors of Adelaide sign company Swift Signs, which entered administration last month as the ATO pushed ahead with a Federal Court application to wind up the company.

Trent McMillen of Sydney-based MaC Insolvency said the meeting in Adelaide on Tuesday (12 November) would receive a report about the financial circumstances of the company. 

Creditors would be asked to vote on: 

– whether it would be in the creditors’ interests for the Company(ies) to execute a deed of company arrangement (DOCA);
– whether it would be in the creditors’ interests for the administration to end;
– whether it would be in the creditors’ interests for the company to be wound up.

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