Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Australian office furniture maker in administration as sector struggles

Wednesday 8 February 2012

An Australian office furniture manufacturing and installation business has been placed in administration after the company was unable to meet supplier and financial commitments.
The collapse has also been associated with the slowdown in manufacturing, which has continued to suffer as the Australian dollar remains well above parity. Several businesses, including Heinz and Toyota, have continued to slash local manufacturing jobs.
Ofquest Australia, trading as "Desking Systems", was placed into administration on January 31, with Sule Arnautovic of Jirsch Sutherland appointed as administrator.
Arnautovic told SmartCompany the business failed due to an inability to meet its bank debt, which amounts to $5 million, along with suffering under the more general slow-down in manufacturing.
The business turns over $A12 million per year, according to an advertisement calling for expressions of interest, with 19 staff, although the company's website claims it also has 75 staff operating a factory in Kurnell, New South Wales.
Offices have also been set up in South Africa and Britain. The creditors of the business, of which there are more than 200, are owed $2.2 million, with employees owed $400,000. The Australian Taxation Office is also owed $850,000.
The company maintains it is one of Australia’s leading designers and manufacturers of commercial office furniture, with showrooms in every capital city. It also claims to offer customised solutions, with furniture manufactured to order.
Arnautovic is now attempting to sell the business and explore a Deed of Company Arrangement restructure, with a number of assets for sale including manufacturing equipment and intellectual property.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Monday 24 July 2017 Steelcase Werndl changes name and relocates European Headquarters to Munich

Steelcase Werndl AG, a subsidiary of the American office furniture manufacturer Steelcase, will rena

Monday 24 July 2017 Novacap Announces partnership with Canadian furniture manufacturer Bestar Inc.

Novacap, a Canadian leader in private equity, today announced a partnership with Bestar Inc. (“Bes

Wednesday 19 July 2017 2016 was a good year for Greec office furniture maker Dromeas

Greec office furniture maker Dromeas increased their turnover by 52.7% to € 13.8 mln. The loss bef

Wednesday 19 July 2017 Arper unveils its Meeting Hub in Belgium

The Italian furniture company Arper debuts its first Meeting Hub in Belgium, located in an ancient v

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7670 1510