Gold Coast-based surf gear company Brothers Neilsen has been placed into liquidation.

Deloitte Corporate Reorganisation Group released a statement saying Deed Administrator, John Greig, had terminated the Deed of Company Arrangement.

Greig said it became apparent that the terms of the Deed of Company Arrangement (DOCA), as accepted by creditors in January 2007, were not capable of being successfully completed because of the difficult trading conditions being experienced by the business.

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