Australian packaging equipment manufacturer Asset Packaging Machines Pty Ltd has entered liquidation, with creditors owed more than $1 million, including customers with prepaid deposits and employees with unpaid entitlements.
The Castle Hill-based company was placed into voluntary administration on 11 June 2025, with Travis Pullen of B&T Advisory appointed as administrator. Asset Packaging Machines, founded in 2020, was known for manufacturing filling, capping, and labelling systems for a range of industries including food, personal care, and industrial goods.
A first creditors’ meeting was held on 23 June. According to the administrator’s report circulated ahead of the second meeting on 15 July, the company was no longer viable and a Deed of Company Arrangement (DOCA) was not recommended. At that meeting, creditors passed a resolution to place the company into voluntary liquidation, with Pullen appointed as liquidator.
The administrator’s report revealed that the company had ceased trading prior to the appointment and listed approximately $1.12 million in outstanding creditor claims, including:
- Over $400,000 owed to trade creditors;
- Nearly $300,000 in employee entitlements, with superannuation and leave balances unpaid;
- Multiple customers with outstanding prepaid deposits for undelivered equipment;
- Outstanding liabilities to the ATO and secured creditors.
A related entity, Asset Packaging Investments Pty Ltd, also entered administration on 14 June 2025, with Pullen appointed administrator. That company was listed as the sole shareholder of Asset Packaging Machines.
Asset Packaging’s collapse comes at a time when smaller equipment manufacturers face increasing pressure from global supply chain disruptions, rising input costs, and cautious capital investment across the manufacturing sector.
PKN has contacted B&T Advisory for further comment regarding asset realisation and potential outcomes for affected customers.
