Balcatta-based electrical, fire and security service provider Global Electrotech has gone into liquidation after creditors appointed DCS Advisory to the failed business, which owes about $1.2 million.
An arrangement struck two years ago allowing Perth electrical, fire and security service provider Global Electrotech to slowly repay some of its $9 million plus debt to creditors has hit a snag.
Global Electrotech is now back in charge of its business, following a successful deed of company arrangement under which the contractor has emerged from voluntary administration and receivership.
Perth builder Gavin Construction has officially ceased trading, capping off a horror month that has seen six significant Western Australian businesses in contracting, engineering and mining fall into administration or receivership.
The decision to embrace diversity has helped Global Electrotech grow from a founding partnership of two formed in 2000 to 168 employees today specialising in the design, installation, commissioning
