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Ballarat company Ceramet goes into liquidation – Ballarat Courier

news, local-news,

UPDATE Liquidators say Ballarat manufacturing company Ceramet had been unprofitable for more than five years before it went into liquidation last week. Greg Andrews from GS Andrews Advisory toldThe Couriermanagement strategies to improve profit had failed. The companys closure is probably a bit of a hangover from the demise of the Australian car industry, howeverthe company has been unprofitable over the approximately five or six years the current owners have had it, he said. The owners had no choice but to call a halt and place the company into liquidation aftermanagement decisions or strategies they hoped would improve profitability failed and the losses were continuing. Because of the forthcoming Christmas break and …

Read the full article at: https://www.thecourier.com.au/story/5788466/delacombe-manufacturer-unprofitable-for-years-before-going-broke/

Category: LiquidationBy Insolvency GuardianDecember 9, 2018

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Ballarat company Ceramet goes into liquidation – Ballarat Courier

news, latest-news,

UPDATE Liquidators say Ballarat manufacturing company Ceramet had been unprofitable for more than five years before it went into liquidation last week. Greg Andrews from GS Andrews Advisory toldThe Couriermanagement strategies to improve profit had failed. The companys closure is probably a bit of a hangover from the demise of the Australian car industry, howeverthe company has been unprofitable over the approximately five or six years the current owners have had it, he said. The owners had no choice but to call a halt and place the company into liquidation aftermanagement decisions or strategies they hoped would improve profitability failed and the losses were continuing. Because of the forthcoming Christmas break and…

Read the full article at: https://www.thecourier.com.au/story/5788466/delacombe-manufacturer-unprofitable-for-years-before-going-broke/?cs=12

Category: LiquidationBy Insolvency GuardianDecember 5, 2018

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Ballarat company Ceramet goes into liquidation – Ballarat Courier

news, local-news,

UPDATE Liquidators say Ballarat manufacturing company Ceramet had been unprofitable for more than five years before it went into liquidation last week. Greg Andrews from GS Andrews Advisory toldThe Couriermanagement strategies to improve profit had failed. The companys closure is probably a bit of a hangover from the demise of the Australian car industry, howeverthe company has been unprofitable over the approximately five or six years the current owners have had it, he said. The owners had no choice but to call a halt and place the company into liquidation aftermanagement decisions or strategies they hoped would improve profitability failed and the losses were continuing. Because of the forthcoming Christmas break and …

Read the full article at: http://www.thecourier.com.au/story/5788466/delacombe-manufacturer-unprofitable-for-years-before-going-broke/

Category: LiquidationBy Insolvency GuardianDecember 5, 2018

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Ballarat company Ceramet goes into liquidation – Ballarat Courier

news, latest-news,

The ripple effects of the decline in Australias car manufacturing industry are being felt as a tidal wave in Ballaratafter metal pressing company Ceramet went into liquidation last week. A source who wished to remain anonymous toldThe Courier30 staff would lose their jobsafter liquidatorswere appointed on Wednesday. Ceramets technical and commercial manager Stephen Casey declined to comment to The Courier. Australian Securities and Investment Commission (ASIC) records show a general meeting was held on Wednesday last week, withGregory Stuart Andrews andAndrew Juzva being appointed liquidators. Ceramets closure comes after the company received a share in more than half a million dollars of state government funding desig…

Read the full article at: https://www.thecourier.com.au/story/5788466/delacombe-manufacturer-ceramet-unprofitable-for-years-before-going-into-liquidation/?cs=12

Category: LiquidationBy Insolvency GuardianDecember 4, 2018

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Ballarat company Ceramet goes into liquidation – Ballarat Courier

news, local-news,

The ripple effects of the decline in Australias car manufacturing industry are being felt as a tidal wave in Ballaratafter metal pressing company Ceramet went into liquidation last week. Liquidatorswere appointed on Wednesdayand a source who wished to remain anonymous toldThe Courier30 staff would lose their jobs. Ceramets technical and commercial manager Stephen Casey declined to comment to The Courier. Australian Securities and Investment Commission (ASIC) records show a general meeting was held on Wednesday last week, withGregory Stuart Andrews andAndrew Juzva being appointed liquidators. Ceramets closure comes after the company received a share in more than half a million dollars of state government funding designed…

Read the full article at: http://www.thecourier.com.au/story/5788466/delacombe-manufacturer-ceramet-goes-into-liquidation/

Category: LiquidationBy Insolvency GuardianDecember 1, 2018

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