A year-long court stoush over a $1.3 million bill has come to a dramatic end, with contractor Decmil succeeding in its bid to wind up Avid Australia Holdings.
When administrators from Deloitte walked into the West Perth offices of WBHO Infrastructure in February, they knew speed would be critical to rescuing the business.
Avid businesses may have been insolvent as early as November 2019, administrators believe, with underquoted tenders and a Decmil dispute contributing to the demise.