Building supplies firm goes under owing $4.8m Administrators have been appointed to a building supplies business owing creditors almost $5m but there are hopes the company can survive. Business by Glen Norris Premium Content Subscriber only Administrators have been appointed to a Brisbane building supplies business owing creditors almost $5m but there are hopes the company can survive. Hemmant-based Bayside Gate Frames, which manufactures and supplies concrete sleepers and fencing materials, is continuing to trade while the administrators investigate a rescue plan. The company traded under the names Bayside Fencing Products, Direct Factory Outlet Concrete Sleepers, Landscaping And Building Products and Concrete Sleeper Retaining Walls Brisbane.
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More businesses collapse in March gattonstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gattonstar.com.au Daily Mail and Mail on Sunday newspapers.
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More businesses collapse in March The latest lockdown could push some firms over the edge as dwindling cashflow exacerbated their already weak financial position. Business by Glen Norris Premium Content Subscriber only The latest Brisbane lockdown could push more firms over the edge as dwindling cashflows, particularly in the hospitality sector, exacerbated their already weak financial position. A total of 44 Queensland firms entered either liquidation or administration in March, a 22 per cent increase on the 36 insolvencies in February, amid the end of JobKeeper subsidies and debt moratoriums. A total of 40 companies went into liquidation over the past month and administrators were appointed to four companies.
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