November 3, 2020 at 7:47 pm #11513
Sean is correct once again but why doesn’t any of this raise alarms with the QBCC? Probably because there is an earn in it for them with their licensing fees.
John Gaskin is the nominee, licence for hire.
Business is 1 year old.
I would not be giving them credit. The name alone rings bells, there is a listed Jinagsu Zhongnan Construction Group based in China. The director Jane Jie He is a Chinese name.
I smell another CRCG Rimfire.GregParticipant
CRCG-Rimfire Liquidators Grant Thornton still dragging the chain!
Still no resolution 2+ years on!
Last response: Still waiting for a judgement from Court Proceeding appeal “Devcorp”
What a joke!
After the CRCG Rimfire experience I would advise caution with any Chinese or Chinese Government owned company and look into their background.
They look to be new in Australia. They are a Chinese company with offices in Guangzhou, Shanghai and other Chinese cities.
I cannot see a QBCC licence for them so the first question I would be asking is for their licence number or find out who the builder is or does it not require a licence to do the work they want done?
At first glance I wouldn’t trust them.
I have no issue with Rimfire other than they probably should have avoided Val Eco. Matt Mosby is pretty low and and Andrew Hocking. They always built houses for their family, brough Lamborghinis and god knows what else… I have a directors guarantee so I’m just hoping that they haven’t moved all the assets appropriately yet and I get paid but ultimately I am happy they are no longer trading even if I do get a bad debt. If their names pop up again hopefully someone posts it on here so I can act appropriately.PennyParticipant
Received the following from Statement from Rimfire trading as Val Eco powered by RFHD
The RFHD Group have loaned significant money to Val Eco Homes Pty Ltd and its directors, and then also offered further funding to them on the proviso that Mr & Mrs Mobsby provided security over their home & 2 investment properties.
The Mobsby’s made the decision not to provide security, and then unilaterally and without consultation with RFHS Group placed Val Eco Homes Pty Ltd into Liquidation with Moreton’s Solvency Accountants. Their phones number is 07 3832 7131 and the liquidator is Gavin Moreton.
Please be assured though that any invoices issued for work undertaken for Rmifire Homes Pty Ltd from Monday 22July 2019 will be paid on time per the arranged trading terms. Rimfire Homes prides itself on making sure our bills are paid on time every time.
We recommend in the meantime that you take the matter up with the liquidator or Mr & Mrs Mobsby’s Lawyer, Mr David Dowd (07) 3238 0602.
The good news is that in all of my dealing the team at Rimfire has always been honest and honourable. Payments terms always met. They have clearly been dicked over by the 3 Directors of Val Eco Homes Pty Ltd, another absolute bloody disgrace.
I think Val Eco have screwed over Rimfire – reading that report would suggest that Matt Mosby slipped in details making Rimfire responsible for some debts without them knowing. I would not be surprised if this brings down Rimfire as well…keeping-theives-at-bayParticipant
Estimated $2.9m debts racked up prior to the contracts being assigned to rimfire which there is uncertainty as to who’s liabilities they are.keeping-theives-at-bayParticipant
Val Eco in administration, Rim fire homes apparently owed lots as part of the deal and wasn’t aware they were going to do it. Sounds dodgy AF and a heap of BS. Guess time will tell if they honour their commitments or burn a heap of subbies as part of their restructure.
Contracts conveniently transferred from Val eco to rimfire before it happened.
Val Eco are in liquidation…
All the houses have been transferred to Rimfire Homes and staff etc but no involvement from Val Eco directors in that. However, I was expecting all the bills to be paid by Val Eco before shutting up. They still owe me money (not overdue just the last months work which is quite significant). I’m hoping there is money still available in the liquidation to pay everyone but I don’t have much faith in the directors of Val Eco as they were known to put themselves before everyone else with their fancy cars, houses etc. Anyone else in the same boat or have more information?August 12, 2019 at 10:45 am #10072
Its not finished. I am not sure where its at but I know none of the screens or balustrade have been installed and they are not due to start until early next month.
They need to be managed very carefully, they have 6 jobs on the go in Brisbane and if you look at their website, they appear to be Chinese owed so think Rimfire….
Wize are really struggling to find subbies to work for them, the project manager has left (you know the guy).
I was told a brickie did 3 floors of the Mt Gravatt job and was not paid for any of it.
I know a subbie who is working for them. Wize did not offer him the usual contract because they knew he would not work for them. He said he has stuffed them around yet they still accepted his terms.
Instead of a contract, they signed his normal terms of trade which is a deposit of 25%, a progress payment of 50% before the product is delivered to site and 25% after installation.
If it were me that progress would be 70% and the 25% final payment would be 5% because that is where they will come unstuck.
25% of a 200k contract is 50k and to potentially lose that amount is an unacceptable risk.
They have no association to rimfire construction. We have dealt with them for a long time no issues. Do you deal with val eco? Ive heard through a reliable source that they are merging, taking it over, or working together in the near future.June 9, 2019 at 2:46 pm #9543
Ok, I just figured out why I have googled those above builders…
I’ve been asked to tender but via ……(which doesn’t actually seem to be a QBCC licensed builder) – The project is http://www.serenitygardencity.com.au/. So he may be contracting to someone…
He has given no indication of wize group though. The developer is definitely My Wealth Builders..
The guy used to work for Rimfire, them sommer and staff and left both companies just before they went into liquidation. However he was just an employee. He did work for Hutchies before that.
So if anyone can confirm its the same building – and if they know anymore on what is going on I would be appreciative.
Quantum Group is run by an imbecile who rips off subbies every time he comes into contact with them. He plays games with them. If you see Quantum Group as the developer, I suggest you think long and hard before you sign a contract with the builder. Where he goes, disaster will follow.
They were involved in Bloomers with a project at Tryon Street Upper Mt Gravatt.
After Bloomers fell over I had to do a deal with them to get my products installed. He never fulfils his promises without a hell of a lot of work that often becomes abuse, let alone fulfilling his obligations.
I was lucky, I got paid but others didn’t, including a sparky who ended up having no choice to liquidate his business and go back on the tools and there were others.
He then moved onto Rimfire Qld and you all know what happened there, not all his fault but he didn’t help.
This guy is one of the reasons that I often say developers are as bad, if not worse than the bad builders.
H I put it out there and on here that if subbies wanted to remove the liquidator then contact me.
So far only one person has done that.
Is there an appetite for changing the liquidator? You have the email trail, contact them and ask.
The possible new liquidator is Ginette Muller from Jirsch Sutherland. She is doing Rimfire and doing a good job with a lack of resources.
A summation of some of the liquidated builders we can remember.
There are sure to be others but this is a start.
2014 Financial Year;
Walton Constructions (Qld)
Desu Designer Homes
Garry Dean Constructions
Walker Civil Constructions
River City Homes
Cullen Group Australia
D Del (Development Delivery)
Queensland One Homes (Q1)
DJ Builders & Sons
My Home Builders
Dig It Landscapes
Sommer and Staff
GJ Gardiner Ipswich
This year is but young, there will be many more and many we have not highlighted yet such as;
Maguire Building Services
Future Urban Residential
Hinterland Constructions t/a Unique Country Homes
Capital Form Constructions
Chris Taylor Constructions
Construction Engineering Qld
Build Constructions Group
AB Hill Constructions
Homes R Us Queensland P/L
T.P Turner(June/July 2018)
Astute Projects (July 2018)
Benjamin Constructions (June 2014)
- This reply was modified 1 year, 11 months ago by subbiesu.
This happens all the time.
There is a court challenge by a developer and biggest creditor of Rimfire. His debt was I think 18 million (?) but the incumbent liquidator would only admit the debt for $1 so he could hold onto the job and keep chewing up fees. That creditor is now mounting a court challenge.
A couple of weeks ago the JM Kelly builders liquidator PwC was soundly beaten on numbers but at the last minute admitted an 8 million(?) NAB debt to hang onto the job.
Price Waterhouse Cooper (PwC) are NABs liquidator of choice and their lawyers are Clayton Utz.
Its the big end of town using their power to crush any opposition so we are now taking them on.
NAB are also fleas, anywhere there is a big builder liquidation, they have their fingerprints all over it such as JM Kelly and Waltons.
How these bastards sleep at night is completely beyond me, they are just the absolute scum of the earth.
Sean I will come back to you in regard to where to get the transcript but for the moment I have given an undertaking to the liquidator of Rimfire to give her space to finalise her work.
The Rimfire examination was a very quiet affair, other than the lawyers for the liquidator, there was only a lawyer for a creditor and a journalist there.
Cullen and Q1 Home Public Examination.
There is an upcoming public examination of Cullen Group director and his cronies and Queensland One Homes director.
I will give subbies plenty of warning when and where so you can turn up in force and watch them squirm.
The hope is that directors and others guilty of fraud will be charged along with other complicit entities who aided and abetted these crooks. An example of that could be Accountants or financial advisors signing off on false MFR’s. I would think there is the possibility that it might happen in most cases.
Then there are the developers who cause a lot of this carnage. And lets not forget the good old phoenix companies and pre insolvency advisors and the dirty part they play in subbies misery.
We believe that while the Cullen liquidator is aggressive chasing subbies for alleged preferential payments, he will at the very least get subbies some justice with these examinations which have been funded by the Qld Labor Government as part of an election promise. The funding was rung out of them by The Subcontractors Alliance’s Les Williams who is truly a great man for subbies.
I want to nominate him for Queenslander of the year for services to subbies.
Is as soon as the project is finished, the Developers could go to town on Sommer & Staff. There may be Liquidated Damages, the possibility of withholding the final payment and the cashing of Bank Guarantees.
The bank is at the table now paying everyone and knowing full well they are the Secured Creditor.
This is how it has gone for others such as Rimfire, I doubt Sommer & Staff will survive.
More fallout from CRCG Rimfire not honouring it’s deal with Rimfire Constructions.
Rimfire Constructions (Resources) Pty Ltd has had a court ordered liquidator appointed. Someone must have wound them up.
Rimfire (resources) was the JV Shareholder with CRGC.
The agreement was that Rimfire deliver projects using staff and systems while CRCG would provide working capital and financial capability.
When CRCG didn’t contribute any funding, Rimfire had to fund and deliver the whole operation (circa $2.2mil), this came out of the pockets of the Australian Directors, eventually running out of cash and now folding.
Meanwhile, CRCG took over (phoenixed) all the projects and never paid a cent. Then re-employed the projects staff without paying any employment benefits.
Pulled the wool over the eyes of the QBCC with the worthless Deed of Covenant, paid the Administrator 300k to turn a blind eye and not chase the 1 billion deed to ensure creditors were paid 100c in the dollar and here we are today. Anyone involved the poorer for the experience and everyone shaking their heads at how this can happen.
Thank-you China!March 14, 2018 at 7:35 am #6135
Well said DPH and 100% correct on the DOCA. Developers and owners will use any excuse to get their grubby hands on the retentions and Guarantees or Insurance Bonds.
There was a couple of other reasons for the DOCA, Bloomer actually made an effort to pay subbies as much as possible before Administration, it was a free for all in the vicinity of 11 – 12 million and the other key reason was to protect subbies from Preferential Payment Claims.
Stefan I have no say in what she films, I am just grateful that the media is taking an interest in what is happening to subbies.
In saying that, I have gently steered her from a story about those grubs SV Partners and an annual report they release about 2500 licensed entities at risk of failure (and they would know because they are a large part of the sweetheart referral network) to an in-depth story on what is happening to subbies, what a battle it is to get paid and the crooked builders and developers who defraud us and take advantage of any situation that presents itself.
An example I have given her, there are a group of subbies owed approx 200k from Tryon Developments for the ex Bloomer job at Tryon St.
To cut a long story short, Tryon Developments had contracts with those subbies but at the end of the job, refused to pay them. I was one of them but I was lucky enough to get paid after a real battle and that was last August.
They had a meeting with the scumbag director of Tryon who told them “chase Bloomer for the money, they owe it to you” despite the contract being with his company. It was a case of out of the Bloomer frying pan and into Tryon Developments fire.
This developer is a common denominator in 3 builder fails, Cullen, Bloomer and CRCG Rimfire. Either he is the unluckiest developer on the planet or he is a manipulative creep who takes advantage of any weakness he uncovers.
Bloomers records show that Tryon Developments owe them $879,120, the Directors (Wayne Bloomer & Lachlan McIntosh) and the Bloomer Administrators have all asked for the monies owed.
His excuse for non payment is that he had to pay all the subbies…
He can’t have it both ways.. He has kept Bloomers claim, he has cashed 800k in Insurance Bonds and he hasn’t fucking paid subbies 200k. It’s a win win win for this slime ball.
We hope this will be part of the story or a story in the future.
We have provided Louisa with a mountain of information to the point where it is information overload including emails to and from the QBCC, emails and discussions with this scumbag developer and dozens of other emails and documents.
The poor girl probably wishes she never called me out of the blue a few days ago.
In our discussions I told her we had talked at length with Alan Jones but it’s too big and detailed a story to do it on radio. The hope is that a program like 4 Corners will eventually pick it up and run with it.
Let’s see what she can do with it.
2018 will be the year of the subbie.
In one short year we have made great inroads into those that think the theft of subbies money is their god given right with the appointment of a creditor appointed liquidator to Cullen, Q1 Homes, Rimfire Constructions and CMS Ashtay and put the wind up a few others including CRCG Rimfire and Bluestone.
The liquidation industry knows now that subbies will not sit idly by and let them suck up all available funds to feed their own greed.
We will not sit idly by and let builders have a nice quiet liquidation while salting away millions of dollars that belong to subbies.
Subbies will have a better year in 2018 thanks to Les Williams and his security of payment act being passed by Labor in the Queensland Parliament.
I hope all subbies united members have a Merry Christmas and a prosperous and Happy New Year.DParticipant
It looks like Rimfire constructions (Resources) PTY LTD has had its Qbcc license suspended as well with all three directors being excluded. I assume everyone from hilltop will still have retention’s pending from this entity….
Both and it’s 4 failed builders. You forgot about Rimfire Constructions Qld who novated the contract over to CRCG which in itself was shonky because from what I am told, there was no compensation for the work Rimfire put into it.
Not sure about Cullen, I didn’t know they were part of this train wreck.
I worked on their Tryon Street job first for Bloomer then for them.
They made promises they didn’t want to keep but I held them accountable, it took a couple of screaming matches with their idiot contract administrator who I won’t name.
They stuffed around on Tryon Street for ages until finally they had their funding… and a very large cash bank guarantee worth around 900k that Bloomers released to get their subbies working again.
When the job was finished, getting my final payment of around 25k was painful. I had to harass and abuse the principal on the phone and by text from Friday, over the weekend to the following Tuesday. I was relentless and finally got paid but I know some people are still owed money by them.
CRCG were working for them, I was told they didn’t have their finances in place there either but thats the builders fault for not making sure the funding was there before starting the job.
It seems that they don’t have adequate funding in place at the start of the projects and there lies one of main the problems.
I wouldn’t trust them as far as I could throw them.
Bad news today, Grant Thornton liquidators have been appointed to CRCG Rimfire.
It is now imperative that creditors join together and replace the builder appointee with a creditor appointed liquidator.
I believe we can do it like we have done before.RoonaBlocked
I think that there isn’t any good news coming for the subbies of CRCG Rimfire. These guys are long gone, license gone, office gone, employees gone, website gone and most likely money as well.
The likelihood of customers paying them when they have no license is next to none as they would be waiting for the inevitable liquidation also.
QBCC have done all that they can but they will not pay the subbies invoices. Lodging monies owed may work on a business that wants to stay in operation, but Rimfire group is completely broke with Rimfire Constructions owing approx $10m and probably double that for CRCG Rimfire.
The best you can hope for now is to lodge a Statutory demand with a law firm and liquidate the business before they hide any assets that are left or transfer it back to China. These guys won’t contest it because they didn’t with Rimfire Construction. If you close another course of action you will be only wasting your time and making it harder for yourself to recover anything at all.
If you wait you will be left with an empty shell and Directors with no assets. This is a certainty.
Have a look at your Rimfire correspondence and do a reply all to all of the subbies in the email, or just call them directly. This was a big help to us.SSSParticipant
We have now had our lodgement of Monies owed complaint lodged and referenced with QBCC. I can only urge more of you affected by this company to do the same. It does not cost to lodge the forms.
Will it get any of us anywhere? Not sure. So far, we have had absolutely zero correspondence response from this company. I can only hope they will pay because right now, I truly feel all we have is hope!
Good luck to everyone affected. Copy of correspondence from QBCC below.
Thank you for your monies owed complaint against CRCG – Rimfire Pty Ltd.
To confirm, your case number is 1501****5.
Please note that the matter will be allocated to an investigating officer in the Financial Investigations Unit.
Once allocated, the investigating officer will contact you to discuss the matter in further detail within approximately five (5) business days .
For any questions regarding the allocation of the complaint, please contact Josephine Grant on 07 3613 3318.November 13, 2017 at 7:26 pm #5281RoonaBlocked
It troubles me greatly to see the CRCG Rimfire Subbies clinging desperately to the hope that somehow the QBCC or BCIPA will somehow come to their rescue and resolve their non-payment issues.
I liken it to a landlord jumping up and down and lodging documents with Residential Tenancies when the tenant has done a runner, taking the furniture and kitchen sink and left a big mess for everyone to sort out. I cannot see how CRCG Rimfire license suspension (or cancellation) would come as a surprise for the directors, you cannot that they have been expecting this (and planning for it) from many months ago, probably since Rimfire Construction went into administration. I am certain that there isn’t anyone left at their offices or site offices to give a flying rats ass.
The subbies are regrettably on the journey of realisation that their payments will most likely never be seen, many not yet realising that if they somehow did (by a miracle) get a payment, (or have received a payment in the last 6 months) that the will be forced to hand it all back when the liquidators step in.
A few may be thinking, well thats fine, we won’t force CRCG Rimfire into liquidation… As we are well aware the ATO (if owed TAX) has no hesitation in pressing the button as they have done recently.
For some it is difficult to to look past their outstanding invoices…. difficult to see the wolf lurking underneath the preferential payments legislation.
I am confused as to who exactly the preferential payments legislation was designed to protect, from this side of the fence it seems to wreak havoc amongst those that have the least protection in this industry. It is tantamount to the school bully stealing a little kids lunch, then Preferential Payments coming in and taking his shoes and bike.
I understand that progress is important and that the government sees it as a priority over small business, but surly a robust highly experienced and dare i say it, profitable, small business sector would actually benefit the industry in the long run through stability and training of subsequent generations to come.
Even if the government feels that they have put protection in place through BCIPA and Preferential Payments, PPSA/PPSR legislation, i feel that they are creating an administration/legislation barrier for small business for the protection that they desperately need.Rob77Keymaster
QBCC granted the turnover for the CRCG -Rimfire joint venture shell based on CRCG’s balance sheet. There is no assets in the shell, hence no ratios to calculate.
Unfortunately, it’s probable to say that CRCG has no assets in Australia. So if they simply fold operations and go back to China- subbies get nothing.
I wonder if the QBCC has taken any assurances or guarantees from CRCG- so that doesn’t happen.
Or has the watchdog has dropped the ball again.GregParticipant
CRCG-Rimfire Pty Ltd hold the QBCC licence for $18,260,184,139 allowable turnover. If it was a shell company why would the QBCC grant this type of turnover, due to the asset ratio?Rob77Keymaster
CRCG- Rimfire was the joint venture company. When Rimfire stopped trading, CRCG took over the projects outright.
Rimfire is in Liquidation.
CRCG-Rimfire is an empty shell company with no assets.
It appears all the subbies are contracted to CRCG- Rimfire, but CRCG is the builder (different entity)?
Shouldn’t the QBCC focusing be on CRCG? thay have received payments for the projects that should be paid to Subbies?