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Brisbane construction firm collapses owing $1.3m


A Brisbane construction company, whose projects included shifting a World War I German tank into a new display at the Queensland Museum, owes creditors more than $1.3 million.
Nick Combis, of Vincents, was appointed voluntary administrator of Leaf Building Group last month after its building licence was cancelled by the construction watchdog.
The German Tank Mephisto. Picture: Tara Croser.
Combis in a report lodged with the Australian Securities and Investments Commission
(ASIC) said the company owes approximately $1.32 million to creditors including the Australian Taxation Office, various suppliers and subcontractors.
The six-year-old company had specialised in shop fitouts for major retail brands including Woolworths and Aldi as well as sporting and cultural facilities. ....

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Retailers, builders, towies: First company collapses of 2021


Retailers and builders among 25 company failures in January 2021
Business
by Glen Norris
Premium Content
Subscriber only
Food, transport and building companies were among 25 Queensland firms that collapsed into liquidation or administration in January.
That was half the number of companies that failed in December but experts warn that the tally will likely increase in coming months as pandemic-related support measures are withdrawn.
Hall Chadwick partner Ginette Muller said there could be an uptick in insolvencies once the Job Keeper program ended in March.
We have not seen much of an increase so far but that could change when the Job Keep tap is turned off completely, Ms Muller said. The majority of insolvencies come from the smaller end of town and they are still beneficiaries of government largesse. ....

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