On 2 August 2019

On 31 July 2019, the director and shareholders of ADE Electrical Pty Ltd appointed Morgan Lane of Worrells Solvency & Forensic Accountants as liquidator.

The electrical service business had an eight-year trading history, operating from 33 Young Street, Barney Point in Gladstone Queensland, which serviced local businesses and industry.

The business employed approximately six staff and ceased trading at the date of liquidation.

The administration is in its infancy, and the Worrells Rockhampton team are assessing the company’s financial position and endeavouring to realise the company’s assets.

Michael Beck, partner in Worrells Rockhampton said, “We are seeing increasing pressures in the industry and the stresses felt by the director of ADE Electrical are not unique. Our team is working through the process to get the best outcome possible for customers and creditors”.

Worrells is calling for all creditors to lodge a proof debt via its online portal at www.worrells.net.au.

If any customers believe they have goods on site they are requested to contact the Worrells Rockhampton office by email at rockhampton@worrells.net.au

Worrells appreciates the impact the appointment has on all affected parties and will continue to proactively communicate at each juncture of the administration.

Worrells has 28 offices nationally and 30 partners, across Qld, NSW, ACT, Vic, SA, and WA. Worrells has been providing solvency management, insolvency administration, and forensic investigation services for over 45 years.

—ENDS—

Contact:

Michael Beck
Partner, Worrells Rockhampton
michael.beck@worrells.net.au

Michael Beck

Michael joined the firm in May 2015 as manager of our Central Queensland office and became a partner on 1 July 2018. Michael is originally from Rockhampton and has over 10 years insolvency experience during which he has worked on both corporate and personal insolvency matters across various industries and has been involved in a number of insolvency investigations and large litigation matters. Michael has degrees in both Business Management and Accounting from Central Queensland University, is a qualified CPA and is a professional member of the Australian Restructuring Insolvency Turnaround Association.

T: (07) 4922 9118 E: Michael.Beck@worrells.net.au

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