Shadeplan in Liquidation
Following the news of 10 January 2012 that Shadeplan had been placed in administration, creditors of the company have recently voted to liquidate the company. At the time of its demise, Shadeplan, founded in 2003 by architect Andrew Ferris, employed ten staff.
Whilst non-payment of a small number of contracts, and one in particular, was said to have forced the move, industry body the Australian Canvas and Synthetic Products Association (ACASPA) reported in its Connections publication that Shadeplan "was substantially underquoting on projects in order to secure contracts. However costs were too high for them to sustain such practises on a long term basis".
Unfortunately, unsecured creditors have been warned that there will be a substantial shortfall once recoveries are completed. Further, several Shadeplan customers have lost deposits lodged with the company, and customers who have had structures built by Shadeplan in recent years now find themselves with warranties that are no longer enforceable.
We wish the best to all Shadeplan staff who have lost employment, and remind prospective purchasers of shade structures to exercise caution in the selection of their shade structure suppliers.
Best wishes, Tim