HEARTBROKEN: Marian and Katarina Majo Matus in the backyard where the granny flat should be for Katarina’s mum, who is arriving from Slovenia in May. Avalon Homes Group Pty Ltd, trading as Avalon Granny Flats, went into liquidation on Friday the day after an excavator had arrived to clear land for the slab. Photo: John McCutcheon
19th Feb 2020 7:30 AM Bill Hoffman Subscriber only Sunshine Coast Daily
A MOOLOOLABA granny flats builder has gone into liquidation, racking up debts of up to $1.219 million and leaving Coast customers heartbroken.
Avalon Homes Group Pty Ltd, trading as Avalon Granny Flats, has collapsed.
Liquidator Paul Nogueira of Worrells Solvency and Forensic Accountants Maroochydore said based on conversations he had yesterday with customers of the company the totality of what was owed to them might be substantially higher than that indicated by the director.
Worrells was appointed liquidator of the company last Friday. Lee Williams Janssen was its sole director and secretary.
The Summary of Company Affairs provided by Mr Janssen showed there was no cash in the bank, $172,000 in trade debtors, a vehicle equity of $5000, an as still unreconciled loan to the director, and no real property, plant, equipment or stock.
Employee entitlements of $16,000, a tax debt of $50,000 trade creditors of $239,500, customer claims of $254,784 and financial loans and shortfalls of $65,000 amounted to $625,284.
However, documents filed with the Australian Securities and Investments Commission show known creditors owed a combined $1.219 million.
Katarina Matus lost her father last year, a family tragedy that has led to the planned relocation of her mother from Slovakia to the Sunshine Coast.
What was to be an orderly relocation has been thrown into chaos with the liquidation of the company Mrs Matus had entrusted to build a "granny flat"