A creditors meeting, managed by Ferrier Hodgson Partners Martin Lewis and Tim Mableson,
was arranged for August 16, 2018.
The announcement impacts several of York’s infrastructure projects across the country but Mr Lewis said arrangements had been made with the respective joint venture partners to keep work going on the Matagarup pedestrian bridge and two other projects.
Mr Lewis said it was regrettable the business could not continue to operate and it was too early to determine how likely it was unsecured creditors would be paid.
We expect any shortfall of employee entitlements will be met through the Fair Entitlements
Guarantee Scheme (should the company be placed into liquidation at the second meeting of
creditors), however it is too early…
Read the full article at: https://www.smh.com.au/business/companies/matagarup-bridge-builder-york-civil-halts-operations-and-sheds-staff-20180813-p4zx6w.html