Melbourne solar company G-Store facing liquidation as 20 staff lose jobs

Staff realised it was no ordinary day at work when they turned up at their melbourne offices to find they could no longer access the building.

Men in suits told them the company had gone into administration and it was now under their control. The locks had been changed.

For a few days, the 20 or so staff continued to work before administrators let almost everyone go, keeping on just a skeleton crew to maintain the business. Then those staff members, too, were also let go.

That happened last month after Victorian solar energy provider G-Store appointed Philip Newman of insolvency firm PCI Partners as administrator to figure out how to pay the $3.8 million debt it had racked up.

“Staff were fully invested in that business,” one person with knowledge of the matter told news.com.au.

“For them to rip the rug out from under us is pretty disappointing.”

Creditors are raising the alarm over the company just hours before an important decision will be made about its fate.

An important meeting between G-Store’s more than 100 creditors is taking place at noon on Friday, where they will decide whether to get back a small portion of their debts or place the business into liquidation.

According to Mr Newman’s report to creditors,…

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