A string of companies involved in the building industry have collapsed into liquidation with cumulative debts of more than $45 million.
A news.com.au investigation has found that 11 companies that appear to be linked to a cabinet manufacturing factory in Sydneys Wetherill Park and also with offices in Melbourne and Hong Kong part of the GDK Group have plunged into liquidation while another related company is due in court later this month.
In May, Himlad Pty Ltd went into voluntary liquidation with debts of $29.8 million, according to a statutory report filed with the corporate regulator.
Since then, the tax office has forcibly wound up multiple other companies in the Federal Court, as recently as this Tuesday. Initial estimates from one …
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