GONE BROKE. H.H.A.. ANOTHER COMPANY WITH COST OVER-RUNS.
For a long time, the writing is often UNSEEN on the wall, before companies go to the wall. It happens to business of all sizes. This company even starred on a TV series ‘Mega Truckers’. Still didn’t save it. Receivers noted “HHA could not accurately determine if work was profitable”.
So how does this affect you or your company?
The number of companies going bankrupt is rising as the economy falls into a trough with the demise of the Mining industry and low coal and iron ore prices. Therefore do not sit idly by and just hope.
On my web page the section deals with “Is your company costing you more than you think?” and it’ been there for two or three years for a reason; Note that “HHA could not accurately determine if work was profitable”. Now might be a good time to have a look. Note also how the Administrators are now going back 6 months to see if bills were paid that ought not to have been. Even if they were legitimate, under the PPS Register legislation the money might be clawed back from recipients. It’s a nasty one; check out that section too. Some people will get a nasty shock if they had goods in HHA that were not registered.
Talking to an expert Business Consultant can often bring up things that are so obvious in hindsight. Yet they remained there holding back your company.