Tasmanian electrical and communications company Russell-Smith has ceased trading, after being placed in the hands of external managers at the end of last year.
Stewart Free and Bradd Morrelli from Jirsch Sutherland were appointed as voluntary administrators to Russell-Smith Pty Ltd on September 22.
It comes only two years after the companys former parent company, PSG Russell Smith, fell into receivership.
According to the ABC, the Tasmanian arm of PSG was purchased and renamed Russell-Smith in June 2014, and the company hired a group of former PSG workers.
On Monday, Jirsch Sutherland said a licence agreement had been secured to enable part of the company to continue trading throughout th…
Read the full article at: http://www.smartcompany.com.au/finance/cashflow/76009-electrical-company-russell-smith-collapses-voluntary-administration-two-years-rescued-receivership/
