Two companies that made up a major Queensland construction firm have collapsed, leaving nearly 1000 creditors more than $80 million out of pocket.
Alex Turner-Cohen Follow @AlexTurnerCohen 2 min read April 22, 2024 - 12:03PM news.com.au
Two companies that made up a major Queensland construction firm have collapsed, leaving nearly 1000 creditors more than $80 million out of pocket.
At the end of last month, news.com.au reported that Allroads Pty Ltd had gone into in liquidation owing $24 million to 721 creditors.
Another subsidiary of the business, Allroads Plant Pty Ltd, also collapsed that month.
In a document obtained by news.com.au in recent days, the appointed administrators of Allroads Plant have revealed that the company owes an eye-watering $59 million.
All up, that means across these two companies, creditors are owed $83 million.
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