A New South Wales engineering company that was established in Sydney in 1922 has collapsed into voluntary administration.
W.E. Smith Engineering, based in Coffs Harbour, is the latest engineering company to collapse after a string of businesses have succumbed to rising pressure in the industry over the past 12 months.
Mark Robinson, Daniel Walley and Alan Walker were appointed as administrators of W.E. Smith on May 11.
W.E. Smith describes itself as a ‘world class equipment manufacturer’ on its website, with over 80 years of history in the supply of process and heat exchange equipment for the oil and gas, petrochemical and mineral industries.