An Australian company has collapsed leaving a trail of creditors owed more than $900,000, including up to 20 customers who had paid deposits but never had the work done.
melbourne (Wholesale) Roller Shutters went into liquidation in March with 41 unsecured credits left out of pocket by $908,000, according to an initial report from liquidators seen by news.com.au.
Nicholas Giasoumi and Shane Deane from Dye & Co have been appointed to oversee the
liquidation of the failed firm.
Melbourne (Wholesale) Roller Shutters offered the installation of roller shutters, as well as selling to tradies and the option to purchase rollers for DIY fitting.
Mr Giasoumi told news.com.au that there were between 15 and 20 customers who would be left out of pocket by the company’s failure last month after paying for shutters that were never installed.
“It wasn’t massive but to them it was massive in that it was in the hundreds to low thousands of dollars. Obviously they had an expectation of work and there is difficulty to get tradespeople out to a property and now they face a delay to start again,” he said.
“Some paid deposits and got nothing for it, so there is not so much in terms of massive dollar value but there’s the inconvenience and…