mmg.com.au

Covering the Goulburn and Murray valleys

Shepparton farm machinery goes bust

The Gorman family has been devastated by the closure of its Bee-Jay Machinery business yesterday.

DARREN LINTON August 26, 2014 3:19am

Liquidator called in: The scene at Bee-Jay Machinery yesterday.


 

 

Hamish MacKinnon of insolvency firm Bent and Cougle was appointed liquidator of Bee-Jay Machinery and Tractors R Us yesterday 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.

‘‘The family are completely devastated,’’ he 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.’’

 

A meeting of creditors is expected to be called within the next fortnight.

Mr MacKinnon 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.

Yesterday, 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.

Yesterday afternoon the gates were locked and a sign simply said the business was closed.

comments powered by Disqus
Shepparton logo

Drunk patients aplenty

An average of one person a day attends Goulburn Valley Base Hospital either in an intoxicated state or with a history of risky alcohol consumption, an emergency department specialist says.

Leapon discount image

Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!

Kensington house

Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....

1203221.jpg

Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.

classies

Place an advertisement in any one of McPherson Media Group's local newspapers.