Billson’s Beverages has gone into voluntary administration, McGrathNicol Restructuring has been appointed administrator. The company is family owned, based in Beechworth, Victoria and had been operating for seven years.
In a post on Linked In, co-founder and director, Nathan Cowan said it had been an “excruciatingly difficult decision”.
“Together with the team, we’ve poured our hearts and souls into Billson’s, and we are proud of everything that has been accomplished,” Cowan said.
The administrators, McGrathNicol partners Rob Smith and Matthew Hutton, said they were undertaking an “urgent assessment” of the business with a goal to either sell or recapitalise.
“Our immediate focus is to undertake an assessment of…
