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November 11, 2019 By subbiesu Leave a Comment

The O’Leary Civil Group and six related companies have collapsed with $6.5 million in debts

A southeast Queensland civil contracting group has crashed and burned, leaving a series of unfinished road and infrastructure projects in the lurch, as well as $6.5 million owed to about 250 unsecured creditors.

Anthony Marx, The Courier-Mail Subscriber only|November 11, 2019 8:00pm

A SOUTHEAST Queensland civil contracting group has crashed and burned, leaving a series of unfinished road and infrastructure projects in the lurch.

The O’Leary Civil Group and six related companies collapsed last week with estimated debts of $6.5 million owed to about 250 unsecured creditors, including subcontractors.

The tax man is also chasing another $1 million, liquidator Gavin Morton told City Beat yesterday.

Morton said he was voluntarily appointed by sole director David O’Leary after a statutory demand issued by the ATO was about to expire, which would have inevitably lead to a wind-up action in court.

He believes creditors are likely to recover little or nothing from the wreckage despite some money set aside by the group over the past few weeks to cover wage claims and other entitlements. It’s understood about $250,000 in super is owed to 30 or so former employees.

Work on the $650 Kingsford Smith Drive upgrade.
Work on the $650 Kingsford Smith Drive upgrade.

In a desperate bid to stay afloat, the companies offloaded roughly $3 million worth of heavy equipment about three months ago.

Read more here

Filed Under: Media Reports

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ABOUT US

SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.

It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.

It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.

Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.

We want the rogues investigated and prosecuted for fraud so our goal is to pressure the Queensland Government to set up a fully funded Police Task Force to investigate and prosecute Construction Industry fraud.


  • SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
  • We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
  • There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
  • The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
  • Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.

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