Almost a year to the day after Melbourne print business Bambra Press went into voluntary administration, John Wanless will once again take over the business, as it emerges from its DOCA (deed of company arrangement), following a near unanimous vote from creditors to accept 20c in the dollar.
The company is currently in a variation of its DOCA, with creditors set to receive a first and final payout on 25 May, after which the company will revert from the administrator back to Wanless.
John Wanless, said, Its great for the business to get a second chance rewarding the staff who remained focused through the difficult period.”
“We are operating at about 6…
Read the full article at: https://www.print21.com.au/commercial/bambra-back-as-doca-deal-done
