PETERS Coaches went into liquidation owing more than $3.7 million to creditors, according to the latest report lodged with the Australian Securities and Investments Commission.
Peters Coaches, a family-owned and run company that was in business for nearly seven decades, closed its doors on Monday, December 11, and was placed into liquidation at the direction of shareholders.
Toowoomba liquidator Adam Ward of Worrells Solvency and Forensic Accountants said the company was hit hard by the downturn in the resources sector over the past few years, and that attempts to refocus the business on the tourism industry had proved unsuccessful.
In a report on the company’s affairs lodged with ASIC, company director Russell Peters…
Read the full article at: https://www.thechronicle.com.au/news/report-toowoomba-company-went-liquidation-owing-37/3301589/
