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Melbourne-based sustainable packaging company Great Wrap has entered voluntary administration with debts of about AU$39 million, following years of financial losses and shifting market conditions.

Founded in 2019 by husband-and-wife team Jordy and Julia Kay, Great Wrap developed compostable cling wrap, catering wrap and pallet wrap made from food waste and plant-based polymers. It was the only Australian manufacturer producing compostable stretch wrap for both household and commercial use.

Administrators Brent Morgan and Shane Cremin of Rodgers Reidy were appointed to the company’s operating entity, Plantabl Packaging Pty Ltd, on 17 September 2025. All five…

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Manning told the Herald: “We have advertised the business for sale as a going concern. All interested parties should contact the liquidators as a priority. We are currently liaising with several interested parties.”

The first liquidator’s report, released today, lists total assets and Evolution’s total deficit as “unknown” at this point.

Funds on hand at the time of the liquidation were $5963 with debts – still being assessed – somewhere north of $462,000.

There are two secured creditors: ANZ Bank, owed $82,446, and Cheryl Renouf Ltd (owner of MTF Finance Whakatāne), owed $32,443.

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