Grow Boating in Administration
Grow Boating Australia Ltd, the industry body established to promote boating beyond the existing boating community, has been placed into administration.
'Grow Boating'
Melbourne chartered accountants Dye & Co Pty Ltd were appointed as administrators this morning at the request of current Directors.
Grow Boating Australia chairman Barry Jenkins said an independent audit had revealed several impediments and commitments that Grow Boating Australia would be unable to honour.
He said the company had accumulated substantial unauthorised debt and given undertakings that it was unable to service.
'Regrettably, this will slow the progress of the Grow Boating initiative,' he said. 'However, the Directors, on behalf of the shareholders representing members of Australian marine industry associations, are committed to seeing the marketing element of the program established as soon as possible.
'This will be achieved by drawing together the collective nationwide support and expertise of industry management at the highest level to deliver the desired outcomes for the entire Australian recreational marine industry.'
Current Directors of Grow Boating Australia are Barry Jenkins (Chairman), George Bolton, David Heyes, Gordon Howlett and Doug Olding.
by Medianet 
mudgeeraba, QLD
