Distressed Assets Media Centre
01 March 2010
Worldwide Online Printing enters administration
Source: ProPrint
Prominent hub printing franchise Worldwide Online Printing has entered administration, though the company's franchise stores are continuing to operate as normal.
McGrath Nicol confirmed to ProPrint that they have been appointed as administrators for the Perth-based printing franchise, though would not comment further on the case.
Several franchises contacted by ProPrint have reported that they are unaffected by the changes at head office. One franchisor described it as a "company restructure", and that it is "business as usual" at the site.
Founded in 1995, Worldwide Online Printing has over 85 'Design and Print Centres' across Australia which utilise centralised printing factories in Perth, Sydney, Brisbane and Adelaide.
The company claims to have an annual turnover of $65m and employs over 300 people.
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