Engineering firm Futur Engineering collapses with $300k debt
A Queensland engineering company, which specialised in steel structures for homes and commercial buildings, has folded with a six-figure debt.
A Sunshine Coast-based engineering company, which specialised in steel structures for homes and commercial buildings, has collapsed with a six-figure debt.
The company, Futur Engineering Pty Ltd, was placed into voluntary liquidation late last month and Paul Nogueira was appointed to complete the winding up.
The Australian Securities and Investments Commission company summary shows three former names the business had traded under including Insight Structural Engineering Pty Ltd, Structure Pro Pty Ltd and Lifestyle Laundry Pty Ltd.
The company’s director, Luke James Hunter, acted in the role since the company was established in 2017.
The Futur Engineering website stated it completed a range of projects.
“We specialise in working with clients in the industrial sheds, mining/resources, modular construction, building manufacturers and building product manufacturer spaces,” the website stated.
According to the latest report on creditors, filed with the corporate watchdog, the company owes its largest debt to the Australian Taxation Office.
It is estimated in the report about $292,078 is owed to the ATO in insolvencies, while about $13,900 is owed to the ATO in superannuation.
A debt of $25,730 is owed to Prospa Advance Pty Ltd, who is listed as a secured creditor, the documents stated.
Futur Engineering was contacted for comment by this publication.
