A Gold Coast construction firm has fallen into voluntary administration blaming COVID-19 for delivering a fatal blow to its business.
Alister Thomson, Business Editor, Gold Coast Bulletin Subscriber only|June 3, 2020 3:11pm
YATALA-based road works group Intelligent Infrastructure Solutions has fallen into voluntary administration with the chairman blaming COVID-19.
Administrators Matthew Joiner and Bruno Secatore, of Cor Cordis, were appointed to i2S, which is headed up by chairman Clayton Glenister, on Monday.
A first meeting of creditors is due to be held on June 10.
Mr Glenister, who is managing partner of MBA Lawyers, said it was forced to pull its crews from four work sites in Victoria and NSW because it could not guarantee the health and safety of its employees during the COVID-19 pandemic.