A car company linked to a larger tradie contracting group has collapsed into liquidation with liabilities of $1.4 million.
News.com.au can reveal that earlier this month, Sydney-based Surelinc Fleet went into liquidation.
Its sole purpose was to lease cars to a sister company, Surelinc Services, which does heating, ventilation, airconditioning, maintenance and fire protection jobs.
Surelinc Services, headquartered in Alexandria, is not in liquidation and continues to operate.
The appointed liquidator of Surelinc Fleet, Daniel Frisken of insolvency firm OBrien Palmer, said the car business had collapsed because its customer, Surelinc Services, stopped paying for the use of the vehicles.
As a result, Surelinc Fleet fell behind on its financ…
Read the full article at: https://www.news.com.au/finance/business/other-industries/messy-collapse-of-sydney-car-company-owing-14m/news-story/300df39532ecf906ab136d3a9366103b