Staff at a plumbing company that went bust owing millions have lifted the lid on the desperate measures they took in the months leading up to the collapse.
Earlier this month, news.com.au revealed that C & S Plumbing Pty Ltd had gone into liquidation.
Simon Nelson of insolvency firm BPS Recovery and Reconstruction is the appointed liquidator of the Victorian-based business, which primarily carried out commercial plumbing works since 2015.
Documents the liquidator submitted to the corporate regulator show that the business had racked up substantial debts of $12.2 million with more than 100 creditors, and that in the four months before the firm went under, the sole director, Shane Arnold, made a number of decisions that has been scrutinise…
Read the full article at: https://www.news.com.au/finance/work/at-work/c-s-plumbing-collapses-into-liquidation-owing-12m-worker-owed-10k-speaks-out/news-story/7cdc3008b7a6d694ed5db6f9e64b5333