Jonathan ChancellorJuly 9, 2012
Baseline Constructions, another NSW builder, has gone into voluntary administration.
The company was founded in 1993 by civil engineer Nicholas Bettar from small Bankstown/Canterbury foundations. In peak construction years it has had $65 million-plus revenues, according to statement of financial position obtained by Property Observer.
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(Source Bankstown Canterbury Torch)
Its general manager is his brother Paul Bettar.
Andrew Cummins and Brian Silvia from BRI Ferrier will hold the first creditors meeting tomorrow, July 11.
Northern Rivers traders are owed hundreds of thousands of dollars for works undertaken on the $22 million renovation of Ballina Central shopping centre.
The Northern Star reports the Sydney-based company Baseline Constructions contracted the tradespeople by letter to advise of the receivership last week.
They were renovating the Ballina building, which is owned by Melbourne-based Harbig Holdings.
“Unfortunately we are one of the contractors in Sydney that received one of these letters,” one contractor posted by email on the Star’s website.
“We found it hard enough to receive payments from Baseline last year for two separate projects completed early in late 2010…