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 East people are being invited to play a role in shaping their community.
Yarrawonga’s Bre Elliott played the most “consistent golf of her life” over three days to win the Fuccillo Kia Championship at Capital Hills by carding a 2-under 69 on the final day.
Heather Donaldson was re-elected president of Tatura Hospital Ladies Auxiliary at the annual general meeting on Thursday, which was attended by 33 people.
BRUCE Mundie claimed top honours in the bridleless freestyle category at the NSW Reining Horse Association State Show in Tamworth over the weekend.
THE 2015 National Blood Donor Week festivities will make the Rochester region Victoria’s new red light district.
Community workshop to consider issues to help form Campaspe digital strategy
Heather Stamp brings a long experience of the Salvation Army to Seymour.
Berrigan Shire Council have approved a development application for six more independent living units to add to Berrigan’s Amaroo Self Care Unit block.
THEY may be a familiar sight across the Heathcote district, but some of the much-loved birds in the region are in decline.
It was a field of emerald at the Soroptimist International of Cobram Barooga’s annual lunch on Friday, where diners enjoyed the craic at the Irish-themed event.
Deniliquin and district boasted two major winners at the Australian Sheep and Wool Expo at Bendigo from July 17 to 19.
Riverine Plains is set to hold the first in its series of farm walks for the 2015 season as part of its research into stubble retained cropping systems.
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