A company involved in the construction sector collapsed with just $6 left in its bank account and now owes creditors more than $2 million.
At the end of last year, NSW-based All Safe Lifting Equipment Pty Ltd appointed liquidators.
The family business, which was run by father and son duo Stephen and Troy Sargent, provided supplies and inspections for lift installations and was headquartered in Sydney.
In November last year, the entire venture plunged into liquidation.
All Safe staff were informed that their employment had terminated by being provided with the business card of the appointed liquidators, Daniel OBrien and Danny Vrkic of restructuring firm DV Recovery Management.
But just days later, they were re-employed through another busi…
Read the full article at: https://www.news.com.au/finance/work/at-work/sydney-company-collapses-into-liquidation-owing-2m-just-6-left-in-bank-account/news-story/4cdb73b60b6e6a59c2ed0caaffb81c4d