Goldfields Building Co: Ballarat’s creditors revealed | The mail


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Ballarat businesses owe thousands of dollars following the collapse of construction company Goldfields Building Co earlier this month. The company went into voluntary liquidation on April 4 and more information about its debts has since come to light. So far it has been confirmed that the company, led by Lachlan Trent Rodgers, owes $460,000, including $100,000 to the Australian Taxation Office and $360,000 to suppliers. READ MORE: More details revealed of collapsed Ballarat construction company Its only assets are a work van and a caravan, with money said to be due to financiers. Documents released this week by liquidators Worrells Solvency and Forensic Accountants show the $360,000 is split among dozens of companies, including 13 secured creditors. The documents note that the 13 secured creditors and the ATO all have “TBC” in the estimated debt column. READ MORE: ‘And then the toilets disappeared’: Construction company Ballarat Goldfields Building Co goes into liquidation A further 45 ordinary unsecured creditors are listed, with the estimated total debt now at $417,175.62. There are at least 22 Ballarat companies listed as unsecured creditors, mostly building supply companies and contracting companies, with $26,000 owed to Skinners Ballarat and $21,000 each owed to Ballarat Associated Fibrous Plasters, Ballarat Brick Cleaning & Calfeutrage, Ballarat Concrete Cutting Pty Ltd and Ballarat Concrete Pumping. A tiling company in Geelong also owes over $42,000. Creditors have until May 11 to decide what to do with the liquidation. It is understood that several construction sites are affected by the collapse across the city, including an unfinished house where the owner expects to pay more than $200,000 to complete the works, while a cricket club is is found without a major sponsor. Goldfields Building Co is the second of Mr Rodgers’ businesses to fail, following the bankruptcy of LTR Construction in November last year. This company owed approximately $1 million to its various creditors at the time of its liquidation. Have you subscribed to The Courier’s variety of informational emails? You can sign up below and make sure you’re up to date with everything happening in Ballarat.

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