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.
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