Surf Coast Concrete Sawing liquidated owing $1m
A Torquay based concrete company has entered liquidation owing more than $1m to the taxman and employees after just five years in business and is unlikely to pay them back, according to the liquidator.
A Torquay based concrete company has entered liquidation owing more than $1m to the taxman and employees after just five years in business and is unlikely to pay them back, according to the liquidator.
Killer Pink Flamingo Pty Ltd, trading as Surf Coast Concrete Sawing, filed for insolvency on June 24, 2025.
Brandon Djeri is the sole director of the company according to Australian Investments and Securities Commission documents.
A report made by liquidator Matthew Kucianski of Worrells revealed the company owes the Australian Taxation Office $775,000 and employees $243,000.
Mr Djeri attributed the collapse of the business to a number of factors, including waiting for money that never came.
“Like many in the industry, we faced rising costs and tough market conditions, and often experienced unpredictable cash flow due to client payment delays,” he said.
A separate report submitted by Mr Djeri to ASIC alleged his business was owed nearly $100,000 at the time of insolvency by a range of other traders from the Geelong region.
“Once it became clear that SCCS’ position was untenable, as director I immediately sought professional advice and took the painful decision to close the business,” Mr Djeri said.
As liquidator, Mr Kucianski said he was investigating potential offences such as insolvent trading and director related transactions.
“My preliminary review of the company’s records indicates that it was insolvent for a sustained period prior to my appointment,” he said.
Between March and June 2025 alone, the business lost almost $300,000.
On top of alleging that insolvent trading took place, Mr Kucianski also claimed Mr Djeri made “cash withdrawals” that were “not clearly linked to business operations”.
This allegation was based on company records that showed a “series of allocations made over several years” in the form of a $214,000 loan paid to the director by the company, “some of which appear to be personal expenses.”
Mr Djeri already faces Director Penalty Notices, which makes him personally responsible for the debt – but for how much of it is unclear.
“Through owning and operating SCCS, I personally bore the impact of losses incurred by the company, rather than making any financial gain,” he said.
“My focus has always been protecting our people, and I did everything I could to honour my commitments and support our staff.”
Despite the setbacks, the 33-year-old Torquay resident hasn’t given up on concreting.
He now works for Laroi Concrete Cutting, which was set up in April 2025 – the same month Surf Coast Concrete Sawing’s accountant “indicated their client may require the services of an insolvency practitioner”.
His partner, Corey Djeri, is listed as the sole director of the company, which shares the same address as Surf Coast Concrete Sawing.
Originally published as Surf Coast Concrete Sawing liquidated owing $1m
