Collapsed company owes Mackay businesses $20000 – Daily Mercury

MACKAY businesses have been left more than $20,000 out of pocket after the collapse of a civil and mine site contracting construction company.

Busby Contracting’s liquidation is set to be wound up by the end of this year, with its debts blown out to almost $5 million.

The company, which went into voluntary liquidation in February 2018, claims the liquidation was a result of underquoting liquidation of associated major debtors and flooding of their project sites.

Mackay’s Rapid Electrical Service is owed $8455.95 and Porters Can Do Mackay is owed $12,709.51

Moranbah’s Light Vehicle Solutions is also owed $855.

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Read the full article at: https://www.dailymercury.com.au/news/collapsed-company-owes-mackay-businesses-20000/4049274/