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A leading civil earthworks contractor, employing more than 200 full-time workers, has entered administration with PPB Advisory appointed voluntary administrators.
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Administrator appointed to large earthworks contractor
09 May 2014
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7 minute read
The directors of Hewatt Pty Ltd, Hewatt Grader Hire Pty Ltd and Carmelina Management Pty Ltd (Hewatt) appointed Stephen Parbery, Christopher Hill and Alan Walker of PPB Advisory as voluntary administrators on Thursday 8 May.
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Hewatt is the head contractor for several major commercial and industrial construction projects, undertakes a range of minor civil works and is also a subcontractor to numerous projects, including the Majura Parkway project in the ACT.
Following a preliminary review of Hewatt’s operational and financial position, most of the company’s employees have had to be stood down, while the administrators conduct a further review of the business and assess options for its future.
PPB Advisory partner Christopher Hill commented: “Whilst it is unfortunate that workers have had to be stood down, the company is just not in a position to continue to employ them”.
“Over coming weeks, we will work constructively with management, employees, subcontractors, suppliers, clients and relevant union and government bodies to assess options for the future of the business,” he said.
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