A “TOUGH financial climate” has plunged one family-run business into liquidation only five years after it first set sail.
Chad Rapsey of RapseyGriffiths Insolvency and Advisory was appointed liquidator of Bundaberg Port Marine Services Pty Limited on March 20.
Mr Rapsey said the investigation into what caused the small business to go under had begun but would take up to three months to complete.
As it was still early days, he yesterday told the NewsMail it was too early to make suggestion or comment on what led to the business’s demise.
“The preliminary investigation is for collating information from government bodies, records and bank statements,” he said.
“As liquidator of the company, I have a duty …
Read the full article at: https://www.news-mail.com.au/news/in-liquidation-family-run-boating-business-hits-ro/3383901/
