Commercial refrigeration and air conditioning business Nu-Tech Group has entered voluntary administration following challenging times in the construction sector.

According to Australian SME website SmartCompany, administrators SV Partners has said that the business has not collapsed and is still trading. The administrators have further said that they are optimistic that it can get back on track, and that at this stage there is no consideration of ceasing trading and the expectation is the company will continue.

Nu-Tech registered with the Australian Securities and Investments Commission in 2003. It supplies air conditioning, electrical services, coolrooms, and design and installation services and has done work for big name businesses including IGA, Campbells Cash & Carry, Red Rooster, United Petroleum, Hungry Jack’s and others.