Noble gesture: owner urged to surrender shares to save SA company - InDaily
The Adelaide company’s 111-year-old shareholders were asked to surrender their shares free of charge to keep the company’s “good name and tradition” alive and save the jobs of around 100 staff. The GIlberton Swing Bridge in Adelaide’s eastern suburbs is one of many projects implemented by A Noble & Son. Photos provided. A Noble & Son Ltd (Nobles) went into voluntary administration on June 15 when the directors decided the company could not pay its debts and a restructuring was urgently needed. The Kilburn-based business provides lifting and rigging equipment, technical services and engineering design for a wide range of heavy industries including mining, oil and gas, construction, shipping, manufacturing and defense. It has 11 locations across Australia. James McPherson and Austin Taylor of Adelaide-based Meertens Chartered Accountants have been appointed administrators and said the company was bankrupt. No