A long-troubled Brisbane home builder has tipped his company into liquidation

A long-troubled Brisbane builder, whose firm lost its licence nearly two years ago, has wound up his prestige home business.

The Queensland Building and Construction Commission cancelled James Schulz’ building company’s licence in June, 2020

A long-troubled Brisbane home builder, whose firm lost its licence nearly two years ago, has tipped the company into liquidation.

James Schulz took steps this week to wind up his business James Schulz Constructions Pty Ltd, which traded as JSC Prestige Homes since its launch in 1997.

He tapped David Stimpson from SV Partners to act as liquidator of the company, which had $450,000 paid shares on issue.

It’s unclear how much money may be owing to creditors. Mr Stimpson did not return a call seeking comment Thursday.

JSC Prestige Homes director James Schulz fronts Cleveland Magistrates Court for unlicensed driving. Picture: Marcel Baum

The Queensland Building and Construction Commission cancelled his building company’s license in June, 2020, after receiving a contractor complaint about non-payment of debts.

Records indicate the firm also had its license briefly suspended in 2014 for failure to pay an annual licensing fee.

In addition, QBCC records show the business failed to comply with three directions to rectify defective work since 2019, including two structural problems last year.

More than $420,000 in claims were paid out to homeowners under a statutory insurance scheme and the QBCC fined the company $8125 for the three infringements.

Mr Schulz, who still retains his personal building license from the QBCC, did not return a call seeking comment Thursday.