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’s Declo Bisimwa firmly believes education is the key to a better life.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
Garners Boxing Gym in Echuca is encouraging young people to get active with weekly boxing/cardio classes.
Rochester Rotary Club has celebrated its 50th birthday in style.
Sorting future of Campaspe pools
A theatre production with a difference is coming to Seymour.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
District residents and visitors will be able to enjoy some of the region’s most beautiful private gardens on Sunday.
The 116th annual Cobram Show went off with a bang at the weekend, drawing in crowds from far and wide for two days of fun.
Tomorrow is a Total Fire Ban day in Deniliquin, meaning no fires can be lit in the open and all fire permits are suspended.
Fifty new full-time jobs will be created at Tatura with a multimillion-dollar expansion of the abattoirs expected to be announced today.
Remembering Australian political giant Gough Whitlam who once called on Benalla police to stop then Treasurer Frank Crean on his journey up the Hume to phone the PM.
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