All Flags Signs & Banners secures new ownership

All Flags Signs & Banners has resumed trading under a new ownership structure after being placed under administration late in 2023.  Peter Wagener, now the General Manager of the company, issued a statement announcing the news and confirming that all companies in the group will now come under the umbrella of All Flags and Signs Pty Ltd, ABN 45 673 507 705.

The statement highlighted the collaborative efforts of the team and the support of stakeholders, resulting in a successful exit from external administration and liquidation. Wagener says that with the company back in operation, it is “reinvigorated” and ready to continue its longstanding commitment to delivering print solutions for its clients of over three decades.

Issues began with the strict COVID lockdown measures, which affected the company’s national supply businesses; tax issues compounded this during the same period.

The group’s businesses, including All Flags Signs and Banners, All Signs, Euro Poles, and Pennant House, entered voluntary administration in late September 2023. However, the abrupt termination of their commercial lease in late November led to the forced liquidation.

Wagener acknowledged the loyalty of customers, stakeholders, and industry partners, stating, "Your trust has been our driving force, and we are committed to delivering on our promises with renewed vigour and dedication." Wagener also expressed gratitude for the support, adding that the company aims to maintain its commitment to excellence, assuring customers of consistent service.