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.
Elements of the vision for revitalising the Shepparton central business district are falling into place.
The Tungamah Football Netball Club has completed a fairytale season to clinch the Picola and District Football Netball League South East Premiership with an emphatic 106 point win over the Katamatite Tigers at Tungamah.
Billed as ‘Fabulous Flowers and Fine Food’, Tatura’s Anglican Church Parish had a successful fundraiser on Thursday, September 4.
Member for Swan Hill Peter Walsh will announce upgrades to Bendigo to Echuca rail line, as well as a further upgrade to the Deniliquin line for rice freight, during celebrations at Echuca Railway station tomorrow.
David and Katrina Christie’s Nanneella dairy farm is now home to one of the biggest sheds in the district, a 160m by 37m monster.
Don’t write Ky off yet, says coach ahead of preliminary final
Seymour event packs out St Mary's College on Saturday night.
People travelled from all around the region to attend an open day at the Berrigan Rural Fire Service on Saturday.
Mia Mia Cricket Club is about to field its first cricket team since 2001
Cobram Mens Shed chips away at the issue of mental health but calls for more space.
Breakout seasons from Deni Rovers Jamie Thorpe and Nick Hay have seen the pair rewarded with respective best and fairest titles.
Now the Murray-Darling Basin Plan is enshrined in law, many opponents of the controversial plan to return irrigation water to the environment appear to have lost interest.
More than 320 000 foxes and 1500 wild dogs had been eradicated under the bounty scheme in the past three years.
- Motorcycle ride raises money for cancer charity
- Leukaemia patients come together to support Light the Night Benalla
- Permit sought for a clay target shooting range at a disused quarry at Baddaginnie
- Acclaimed pastry chef returns to Benalla
- Benalla resident on journey to help others with mental illness
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.