Boat builder uses voluntary administration for pre-float housekeeping.
The manufacturing arm of Queensland boat builder Maritimo went into and out of voluntary administration towards the end of last year, a move which the company says was part of an internal restructure in preparation for a future stock market listing.
Garth Corbitt, Maritimo CEO (pictured), said that all creditors with Maritimo Offshore had been paid in full and that there was no interruption to business with suppliers. He emphasised that the company is in good financial shape with 41 dealer partnerships on five continents around the globe and a full order book for the next 12 months.
According to the A…
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