AFTER more than 60 years in business in Portland, Thorpes Machinery and Engineering Supplies is closing its doors.
The announcement is the latest in a series from high-profilePortlandbusinesses that are no longer trading.
Manager Shane Mole has blamed poor business conditions for the demise of Thorpes, which has six staff.
“The reasons for having to close down are primarily due to the declining engineering market in the Portland region, along with the ongoing flow-on effects from the global financial crisis.”
Based inPercy St, the company has suppliedPortlandbusinesses with industrial supplies, outdoor power equipment, water pumps and other machinery. Associated business Portland Chainsaw and Mowers in Fern St is also closing.
Mr Mole said a closing-down sale had already begun on Monday.
“We believe the steps we are taking will generate the best return for our assets, and are confident that we have sufficient assets to satisfy all debts owing,” he said. “Payment of outstanding accounts will be attended to as funds become available from the sale of assets.”
He said he and his wife Julie, a company director, appreciated the ongoing support the community had provided over many years.
Calling it part of “an alarming succession of business closures” recently, Cr Geoff White said yesterday he would raise the issue at last night’s Glenelg Shire Council meeting.
Read more in Wednesday’s Portland Observer.