Jetty contractors feel pain
Former Busselton Jetty contractors feel let down amid jetty celebrations and news Marine & Civil will emerge from administration with creditors expected to get payouts in the next couple of months.
WA Insolvency Solutions administrator Chris Williamson confirmed last week Marine & Civil was set to come out of administration after creditors approved a deed of company arrangement which would see most of its assets transferred to a jointly owned entity with mining and construction company Thiess.
Mr Williamson said creditors were likely to see about a 23-cent return to the dollar once the deal was finalised.
“We expect the first payments to creditors in about three months,” he said.
Several South West businesses have expressed disappointment at the result and said unpaid bills by Marine & Civil had already affected businesses.
Picton Sandblasting sole operator Steve Mahoney said the outcome was not favourable for his business.
“I was turning work back to work on the jetty, and to date I have not received any payment,” he said.
“We’re hurting pretty bad, and we still have bills we have to pay.”
Mr Mahoney believed there should be more support for affected businesses.
“They (the Busselton Shire Council) have done the jetty up, and had a big celebration, but the small subcontractors have been forgotten,” he said.
South West Crane Services owner Louis Edward said the result was “unfortunate” and blamed the situation on “bad management” on the part of Marine & Civil.
“We are still owed a significant amount, and yes it’s a big impact, but we have to move on,” he said.
Busselton Shire Council engineering and works director Oliver Darby said the council was aware of the debt some contractors carried as a result of Marine & Civil’s liquidation.
“However, this is a legal matter between these companies and Marine & Civil and the shire could not have taken any further action,” he said.
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