The liquidator of a failed Queensland building company is investigating what went wrong as homes remain unfinished and creditors, out of pocket to the tune of $1.9 million, line up for a slice of what’s left.
Hayden Johnson, The Courier-MailSubscriber only|February 28, 2020 1:00pm
HOMES remain unfinished and dozens of creditors are $1.9 million out of pocket several months after a specialised Queensland builder collapsed into liquidation.
An order to wind up Nut Butter Wine Pty Ltd, trading as Onebuild Projects, was lodged in September by the Australian Taxation Office.
Onebuild, which promoted itself as a professional and specialised residential building company, offered turnkey house and land packages.
A financial report on the company reveals $1.9 million is owed to 75 creditors and eight claims are with the state’s building watchdog relating to its work.
Creditors include Langs Building Supplies ($149,615), Ringwood and Ply ($44,903) and Acumen Kitchens ($34,644).
Investigations by McGrath Nicol partner Anthony Connelly note many of Onebuild’s liabilities relate to outstanding trade creditors, customer claims for unfinished or defective work and outstanding tax.