Small businesses hurt by pool company's bankruptcy - WSMV Channel 4
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A Mt. Juliet pool company that filed for bankruptcy has not only left dozens of homeowners with unfinished pools, but it has also hurt the bottom lines of scores of local small businesses.
Natchez Stone is among the nearly 100 creditors of Premier Pools and Patios. Premier Pools owed the stone company more than $20,000 for labor and materials on two pool projects.
"The smaller businesses, really, it's a lot of money, and it doesn't help that business at all," said Mike Ortiz, an employee of Natchez Stone.
Jonathan Smith, who handles the Premier accounts for Parthenon Plumbing, said his company is out more than $30,000.
"Lesson learned. We're a young company. We'll continue to do the best we can to grow and do better. We'll take it as a learning experience, don't let this happen again," Smith said.
Because Premier Pools filed for bankruptcy and has no assets, their subcontractors are likely to get nothing.
Anna Shanks, the owner of Premier Pools, declined to comment for the story and referred Channel 4 to her attorney, Steven Lefkovitz. He said that he would not comment until the meeting for creditors is held.
Copyright 2012 WSMV (Meredith Corporation). All rights reserved.
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