TROUBLE HITS: Contractor goes bust, workers unpaid on $53m Coast project
THE principal of a major Sunshine Coast painting contractor has claimed the business which left trade creditors out of pocket $284,439 also owes him $883,366.
In its first report to creditors into the collapse of Freestyle F.C. Pty Ltd trading as Coastgard, liquidator Worrells has detailed a total debt of $1.595 million including $373,707 in financial loans.
The company had been working on the $53m Stockland Oceanside Retirement Village under principal contractor McNab Construction when it sought voluntary winding up on April 18.
Liquidator Paul Nogueira of Worrells reported the company’s sole director and shareholder Peter Ambler had told him …
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