Auburn. Cumberland Industries court hearing

Dr Stephen Trealor, the former chief executive and director, of Cumberland Industries, which was based at Auburn and had facilities across Western Sydney, said in court that the organisation, which received $6 million a year in federal funds, to help employ 600 disabled people, should not be judged on the same measure of insolvency as other companies because it could ask the government for more help. Cumberland owed the bank $15.5 million and had been overstating its financial position by an estimated $2 million when it was placed into voluntary administration last May. It still owes unsecured creditors $4.5 million. Liquidator Peter Hedge, said Dr Treloar made the wrong decision in placing the company into administration and should have adopted a two-week recovery plan he had proposed. Jarrod White, for the liquidator, said Cumberland had not kept accurate records for at least two years. Dr Treloar told the court he now lectures in business law at the University of Notre Dame Proceedings ended yesterday

Auburn. Auction of Cumberland Ind, site

The former head office and warehouse complex, of Cumberland Industries, in Auburn, is for sale under instructions from the liquidator. The site, with a land area of 7109 square metres, comprises a warehouse of 3400 square metres, a first floor office on 444 square metres, plus a detached two-storey office building of 775 square metres. The site, zoned 4(b) light industrial, will be auctioned on November 4.

Auburn. Cumberland Ind. creditors meeting

A creditors meeting on September 1 will decide whether to place Cumberland Industries Limited, at Auburn, into liquidation. The non-profit charity employing more than 500 disabled people, plus 170 support staff, in Western Sydney, was placed into voluntary liquidation in May. Administrator, Peter Hedge and Associates, said the Enrico’s Kitchen business, purchased in 2006 for about $2.5 million had been sold for about $500,000. other “non-core” business are on the market.

Auburn. Two weeks to find a backer

The Federal Department of Community Services has given the administrator of Cumberland Industries Limited, Hedge and Associates, until August 14, to find a financial backer for the organisation, which employs 540 people with disabilities and 170 support staff, in seven divisions across Western Sydney.

Region. Company into voluntary liquidation

Cumberland Industries Limited, headquartered at Auburn, with operations throughout Western Sydney, has been placed into voluntary liquidation, according to the Penrith-based Western Weekender newspaper. A spokesperson, who confirmed that Peter Hedge and Associates had been appointed as the administrator, said it was “business as usual” while the administrators assessed the situation. “The decision was made to ensure the long term viability of Cumberland and secure the ongoing future employment for our 600 people with a disability,” the spokesperson said. Cumberland Industries has been providing employment, training and vocational support opportunities for people with disabilities since 1962.