All 70 employees at a plumbing firm have lost their jobs on the spot due to the company going into liquidation after the director paid himself a handsome salary in the months leading up to the collapse.
News.com.au can reveal that on March 27, C & S Plumbing Pty Ltd went bust and all its staff were immediately let go.
Simon Nelson of insolvency firm BPS Recovery and Reconstruction is the appointed liquidator of the Victorian business.
C & S Plumbing Pty Ltd had offices in Benalla in northeastern Victoria and also in Melbourne, primarily carrying out commercial plumbing works since 2015. At its peak it had 100 employees but this had dwindled down to 70 by the time of it shutting down.
Documents that Mr Nelson submitted to ASIC and obtained…
Read the full article at: https://www.news.com.au/finance/business/other-industries/victorian-plumbing-company-collapses-into-liquidation-owing-12m-as-questions-raised-over-actions-by-director/news-story/e03eafb2b552e3d7da2b36310bbfad14