THE WIDESPREAD effects of the collapse of Ostwald Bros has become clearer as administrators establish roughly how much money the company owes to creditors.
PricewaterhouseCoopers revealed the company owed at least $61million to creditors, including companies and businesses across the Maranoa region.
Among the creditors owed money from Ostwalds are Maranoa Regional Council, Roma Rugby Union Club, Golders, Ray White Roma, Santos, Surat Basin Real Estate, EzyQuip and South West TAFE.
PwC’s Derrick Vickers said some of the 536 creditors were owed millions of dollars and that Ostwald Bros’ debt could potentially be greater than $61million.
Maranoa Regional Council released a statement saying Ostwalds was engaged to undertake the design and con…
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