00:02The cranes are still moving at Bathler's Pemulway development in Sydney's west and here at least there's some certainty. The
00:10secured lender today agreeing to keep funding construction of this 312 unit apartment block.
00:16The meeting was good, the lenders are quite supportive.
00:19But for the wider Bathler business, the picture is far more precarious.
00:24We owe the ATO, we owe the suppliers, we owe the workers and we have no clear answer.
00:29I have four kids, I have staff to pay, I have equipment to pay, I have contractor to pay.
00:36Administrators have been trying to convince lenders to back a $20 million rescue plan to keep the business operating through
00:43to the end of the month.
00:44A funding deadline originally set for Thursday has now been brought forward to the end of today.
00:50It's very dire, we're running out of hope for a holistic solution.
00:54We're trying to hold the centre together and the operations at each site rely on head office.
01:00Without funding by tonight, administrators say they'll start preparing to wind down the business, putting about 350 jobs at risk.
01:09Here at Marsden Park in Western Sydney, the secured lender for this property has been meeting with subcontractors who are
01:17seeking assurances that they will be paid before committing to further work.
01:22The NSW Government, which has knocked back a request for financial assistance, says its focus is on home buyers.
01:29We will be treading very carefully with this, this is taxpayers money.
01:35For Bathler, the next few hours could be decisive.
01:38You can see that the National Organization that has been on interneial.
01:38Let that transit system is on a positive.
01:39After a year, we are back in the next two days.
