Bond Imaging, a Melbourne specialist prolab which services imaging professionals, has reportedly called in administrators and is looking for a new owner.
‘It’s a shortage of cash flow in a very tight market,’ a part-owner of Printed Media, which trades as Bond Imaging, told print industry news service, Print21. ‘Printed Media bought the brand in 2015 and paid too much for it so we’re looking for a new owner. Bond Imaging is a fairly strong brand in the industry and we want it to live on. I’ll be staying on with the brand but will go back to being an employee, which will be a relief.’
It moved to a bigger premises in Port Melbourne late last year, after almost 37 years at its Richmond location.
A first creditors’ meeting organised by administrators from Cor Cordis Chartered Accountants took place on March 15.
Bond Imaging was established in 1970 as ‘one of the first professional laboratories established in Australia, committed to providing specialist photographic services to imaging professionals’.
It works closely with commercial, wedding and portrait, school and high volume photographers, as well as museum curators, advertising agencies, and others.
It has had a presence at many industry events and worked closely with groups.
The prolab offers a full spectrum of services and products, from fine art inkjet prints, metal prints through through to photo album design and post-production.
Administrators from Cor Cordis Chartered Accountants – appointed 2 March – have called the first creditors’ meeting next Wednesday 15 March at 10.30am, 360 Collins Street in Melbourne.
ProCounter approached Bond Imaging for comment but hasn’t received a response.