Administrators have recommended a security firm that owes creditors more than $1 million be wound up, as workers at the company face an uncertain Christmas.
Voluntary administrators from Mackay Goodwin were appointed to Kudos Australasia Pty Ltd, trading as Kudos Audio Visual and Kudos Security Solutions, on November 9, however, SmartCompany understands employees of the company have spent the past year attempting to recoup their entitlements.
Kudos Audio Visual provides commercial and domestic installation of audio visual equipment, while Kudos Security Solutions installs security systems and technology including CCTV, security doors and intercom systems. The businesses are continuing to tr…
Read the full article at: http://www.smartcompany.com.au/finance/80702-employees-face-uncertain-christmas-security-firm-kudos-australasia-collapses-voluntary-administration/