Creditors vote to liquidate The One Centre

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JUNE 2, 2009 UPDATE: Creditors have voted to liquidate The One Centre.

The company owed $4 million and had $7K in the bank.

EXCLUSIVE (April 28, 2009): Another sad victim of the recession: The One Centre, Sydney, founded by John Ford ten years ago, which called itself “The world’s first cross discipline branding agency”, has gone into voluntary administration, with up to 25 staffers losing their jobs.

One source says staff were informed by three men in suits who walked in yesterday afternoon, who told them to pack up their belongings.

The business was mainly based on corporate design and retail space design projects which started drying up when the recession started biting in October last year (when the shop had around 50 employees).