A few anxious customers were outside the closed gates of the failed Bee-Jay Machinery business on Goulburn Valley Hwy in Shepparton on Tuesday morning, wondering what would become of deposits they had paid for tractors and other machinery.September 2, 2014 3:10am
A printed sign on the fence read ‘‘business closed’’ and a guy who wasn’t answering questions made sure the gate remained shut as he supervised and photographed the removal of a tractor and hay-making machinery onto a low loader and a truck.
Hamish MacKinnon of insolvency firm Bent and Cougle was appointed liquidator of Bee-Jay Machinery and Tractors R Us on Monday by the directors of those companies.
Mr MacKinnon said seven staff had lost their jobs and as liquidator he had started the process of recovering funds on behalf of creditors.
News of the closure spread quickly, with shocked staff taking to Facebook to voice their dismay.
‘‘The Gorman family are completely devastated,’’ Mr MacKinnon said.
‘‘It wasn’t until late on Friday and over the weekend that they decided they couldn’t continue to operate and decided to appoint a liquidator voluntarily.’’
He said the number of creditors was small, with banks and finance companies sharing the major exposure.
Bee-Jay machinery was started by Daryl Gorman, who turned his hand to selling tractors 40 years ago because it was more attractive than farming.
In 2012, Mr Gorman told Country News he had survived fluctuating commodity prices, energy crises, credit squeezes, floods, droughts, changing international markets and high interest rates during his four decades in the business.
Mr MacKinnon said the prospect of a dry summer and an extended period of poor trading conditions had influenced the directors’ decision to act and appoint a liquidator.
A meeting of creditors is expected to be called within a fortnight.
Shepparton Netball Association's All Abilities competition finished on Saturday with the grand final after a season full of fun and games.
In a day made for football at the sun-bathed Lavington Sports Club Oval the 2015 Yarrawonga Under 16 Pigeons showed their class with a comprehensive victory in the AWJFL Grand Final against Wodonga.
Saturday, August 22 saw the Harston Memorial Hall packed to capacity for the annual Reg Poole Concert.
HEATHER and Brian Parker never meant to spend 10 months cruising to Goolwa and back.
CHILDREN from across the district went crazy over Book Week last week.
Young Bombers pull off last quarter comeback to win under-16 premiership.
The Darley and Swettenham stallion parades attracted large numbers to the showpiece Northwood Rd properties on Sunday.
Berrigan public decides drainage works location
HEATHCOTE has had its sixth driest winter since records began in 1858, with only 87.6mm of rain recorded for the season.
Cobram Barooga leaders and tourism operators have welcomed the launch of a new tourism strategy focusing on events, which aims to attract more people to the Murray River.
Cancer claims one of its fiercest combatants.
Water allocations were increased in the Goulburn-Murray Water region today.
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