A construction company owned by a playboy property developer that had its Western Australia registration renewal refused last year, preventing it from doing any building work in the state, has collapsed into liquidation.
perth-based developer, FTD Construction Pty Ltd, is 100 per cent owned by its sole director, self-styled playboy Ricky Hirsch.
The business went into liquidation yesterday, with Mathieu Tribut from GTS Advisory appointed as liquidator.
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Last September, WA’s Building Services Board refused to renew FTD Construction’s building contractor registration, amid concerns about its capacity to meet its debt obligations and to manage and supervise its construction projects.
At the time the Building Services Board said in a statement: “After receiving advice from [the Department of] Building and Energy following its investigation into FTD (also known as Fulfil The Dream), the Board was not satisfied that the company met the financial requirements for registration or that it had arrangements in place to ensure the proficient management and supervision of the building services carried out by the company.”
At the time, Mr Hirsch attributed the issue “to one of our previous…
