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Workers at a large construction company learned via Zoom that they had all been laid off and the company had collapsed $7 million.
Main Facilities Pty Ltd, which traded as Main Industries, plunged into administration last Wednesday.
The company, based in New South Wales, has carried out contract work for the state government, including on projects for schools, health facilities, prisons and courts.
Company director George Bancs – who drives a flashy 2023 McLaren Artura with personalized number plates – blamed the collapse on the government terminating contracts with them.
This information was, however, denied by a government spokesperson.
Main Facilities owes a total of $7 million to its creditors, including its 15 employees and Mr. Bancs, news.com.au reported.
Main Facilities Pty Ltd entered administration last Wednesday. Main Facilities director George Bancs (pictured) blamed the collapse on the government terminating contracts with them.
The Australian Taxation Office is owed $2.4 million, according to administrator Mohammad Najjar.
Mr Bancs told the publication their government contracts dried up when Labor came to power last March.
“Once the Labor government came to power, they froze spending. They left us out to dry,” he said.
A government spokesperson denied the report and said the company had recently “received contracts for maintenance work at several public schools in New South Wales”.
Mr. Benches once appeared in a video with popular TikTokker Fonzie Gomez, who stops people on the street to ask them what they do for work. Mr Bancs was seen sitting in his $580,000 McLaren
“The company also recently completed the roof renovation of Hornsby and Wollongong courts,” they said.
One worker claimed he stopped receiving retirement benefits and staff were told not to return to work via a Zoom call last Tuesday.
Mr. Bancs, who also owns the social video content app WWEEVV, said he invested $700,000 of his own money in the company.
He previously featured in a video with popular TikTokker Fonzie Gomez, who stops people on the street to ask them what they do for work.
Mr Bancs, sitting in his $580,000 McLaren, said his first job was working in a fruit market, folding sacks of potatoes.
The director also wears a Rolex watch and designer brands.
“Everything I personally wear belongs to me personally and does not belong to the company,” Mr. Bancs told the publication.
The company, based in New South Wales and trading as Main Industries, carried out contract work for the State Government, including projects for schools, health facilities, prison and courts.
Mr. Bancs has 26 years of experience in construction and established the company in 2013.
He is a motorsport enthusiast and regularly drives his McLaren in amateur races.
Mr Bancs told the AFR last November he was preparing to build a team for GT World Challenge Australia later this year.