Challenge Marine employees were surprised by the liquidator’s letter, but the signs of trouble were there, an employee said. Employees of a marine company have been left without income or tools after the business went into liquidation at level 4 owing more than $3.8 million. Around a dozen employees worked at Challenge Marine, a boat design and repair business at Port Nelson. Nevil Basalaj sold Challenge Marine in 2018. Among the secured creditors on the liquidator’s report for Challenge Marine are trustees for the Basalaj Family Trust.

Source: Stuff August 30, 2021 04:52 UTC