A construction company has gone bankrupt, leaving millions of dollars in debt.
Alurt Construction Services, which is based near Coffs Harbor on the New South Wales north coast, went into liquidation last week.
Insolvency firm Shaw Gidley was appointed liquidator Scott Newton and estimated the debt amounted to $2 million.
Mr. Newton said news.com.au Alurt went bankrupt due to a ‘complete breakdown’ in the relationship between its director and senior management in recent months.
A liquidator is investigating transfers made by Mike Arnold (left) and Toby McCosker (centre) from the accounts of a now-collapsed construction company without the permission of its director, Jacob Robin (right).
Alurt Construction Services, which is based near Coffs Harbor on the New South Wales north coast, went into liquidation last week.
Construction manager Tobias ‘Toby’ McCosker, project manager Mike Arnold and Alurt’s sole director Jacob Robin have all claimed they were owed money.
The largest debt was owed to Nambucca Heads RSL for $1,534,850, primarily due to defective work, according to a proof of debt form.
The pub received a $2.07 million federal grant and contributed $500,000 toward renovations that would allow it to become an evacuation center following the Black Summer bushfires of 2019/2020.
Other creditors include employee rights, the ATO and loan obligations for its 18 vehicles, which are in the financing phase.
Alurt was in administration before its liquidation and all its staff had left before the administrator was appointed.
Arnold and McCosker previously made headlines following a former employee’s claims about an abusive text message while working for a different company.
Charles, who did not want to use his real name, said he left electrical and mechanical services company Vallec five years ago after feeling it was on the brink of collapse.
Insolvency firm Shaw Gidley was appointed liquidator Scott Newton and estimates the debt at $2 million (pictured Mr Arnold)
A former worker at NSW-based electrical and mechanical services company Vallec claims his former boss sent him an abusive message (pictured) after he resigned.
The New South Wales-based company, run and partly owned by Mr McCosker, went bankrupt just two months later.
‘They had a huge tax bill. They were behind on payments with suppliers. I saw the writing on the wall,” said the former worker.
He claims he received an aggressive text message from McCosker shortly after resigning.
“My last message to you is that you are a fucking bitch who can’t (sic) deliver anything but a box of farts that you value (sic) like shit,” it read.
‘Any fucking day of the week you want.’
Vallec has gone into liquidation along with two other related Newcastle-based companies with debts totaling more than $7 million.
McCosker is understood to have worked at Vallec alongside Arnold, who was declared bankrupt 10 years ago and banned from running his own business.
However, the former employee claimed that Arnold played a key role at Vallec.