Troubled civil construction and mining services business Brierty has been placed in voluntary administration after failing to secure what it considered to be an adequate pipeline of future work.
Brierty, which has failed to recover from both the mining downturn and cost blowouts on a Main Roads project last year, said it had appointed Matthew Woods, Hayden White and Clint Joseph of KPMG as administrators today.
Brierty in February told Business News that it employed 380 staff in Western Australia, which was unchanged from last year.
In a statement today, Brierty said the boards decision to enter administration was on the back of a number of factors which have impacted cash generation and profitability.
That included difficulties in executing…
Read the full article at: https://www.businessnews.com.au/article/Brierty-falls-into-administration
