Andrew Short Marine in liquidation

3:21 AM Tue 4 Oct 2011 GMT

'Matthew Short.' Bob Wonders Click Here to view large photo

Sydney dealer, Andrew Short Marine has gone into liquidation, only days before the second anniversary of Andrew Short's death in a yachting accident.

A devastated Matthew Short, who took charge of the family firm following the death of his brother Andrew in 2009, confirmed the company was no longer trading after shutting its doors for the final time last Thursday.

He said the family last week decided to pull the pin on the entire business on the advice of the National Australia Bank and had appointed receivers BRI Ferrier to liquidate the company.

The decision came just 12 days before the family were to mark the second anniversary of the death of founder Andrew, a renowned yachtsman, who was washed overboard when his yacht smashed into a reef on October 10, 2009, during the overnight Sydney to Flinders Islet race.

Quoted in News Ltd press, Matthew Short said: 'We were trying to hang on but the stigma was just too great.'

Two weeks ago, New Ltd press reported that Andrew Short Marine was selling more than $17 million worth of property in a bid to keep its operations afloat.

According to the report, 'almost 20 of the company's boats worth a total of $5 million were repossessed by GE Capital pending the sale of its prime industrial site at Taren Point'.

by Media Services

Newsfeed supplied by

#News #Sailing

Sailing

Reefing Early: Shorten Sail Before You Must

Sailing

The Beaufort Scale: How We Learned to Rank Wind

Sailing

Read the Wind: Judge Its Force Without a Gauge

Sailing

Reefing: Read the Signs, Act Early

Sailing

Heaving To: Park the Boat in a Blow

Sailing

Heave-To: Sailing's Emergency Pause Button

Sailing

Overnight at Anchor: Setting Up Right

Nearby
Norah Head, NSW	14 kn NNE	18°
North Head, NSW	11 kn NE
Little Bay, NSW	10 kn NNE
Windiest in Australia
Double Is Pt, QLD	24 kn ESE	19°
Most Windless in Australia
Gympie, QLD	Calm	17°
Hottest in Australia
Marble Bar, WA	5 kn W	39°
Coldest in Australia
Perisher Valley, NSW	Calm	3°
Wettest in Australia
Puckapunyal Lyon Hill (Defence), VIC	39.6 mm

Andrew Short Marine in liquidation

Reefing Early: Shorten Sail Before It's Too Late

The Figure-8: Return to a Person Overboard

VHF Radio on the Water: Channels and Calls

Live Weather

Nearby

Windiest in Australia

Most Windless in Australia

Hottest in Australia

Coldest in Australia

Wettest in Australia

Sailing Articles

Buy & Sell

Cloud 9 Black Series Down Wind Quiver

2024 Neil Pryde Fly 2

F-One Strike V2 5.5M

2022 Duotone Dice Sls

2022 Starboard 5'2" Blue Carbon Wingboard

2012 JP Australia Glidesmall

2023 Ozone Alpha V2

Know before you go

Download the Seabreeze app for iOS or Android.

Weather

Activities

About

Other

Support