Its a business you probably havent even heard of, but is shaping up to be one of Australias biggest corporate failures for the year.
The debts of a collapsed group of manufacturing companies based out of a Western Sydney factory have snowballed as liquidators wade through the mess.
In the past few months, 12 companies linked to Sydney-based cabinet making and panelling factory GDK Group have gone into liquidation.
Some of these businesses were named after obscure Lord of the Rings references, confusing some staff members and leaving them unaware that some of the companies were in operation.
Four of those businesses now owe an eye-watering $48.7 million to 159 creditors, liquidators have just told news.com.au.
That is on top of $29.8 million …
Read the full article at: https://www.news.com.au/finance/business/other-industries/debts-of-monster-manufacturing-group-of-businesses-explode-to-78m/news-story/60a067b4f5aba6b429d5564eef1c9750