Martin Building Services, liquidation
ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and owner Denis Martin. James Shaw, a partner of Shaw Gidley Insolvency Reconstruction, was appointed liquidator on December 14. Mr Shaw said early investigations indicated employees would be paid and the remaining assets would go to the companys banker, which has security over the remainingassets. It is unlikely that there will be anything for creditors, he said. Australian Securities and Investment Commission documents reveal the company has u…
Read the full article at: https://www.maitlandmercury.com.au/story/5844093/building-firms-10m-debts/