NCM Construction Group QLD Pty Ltd, directed by Michael Robbie brings in liquidators
A director of a collapsed Sunshine Coast building company estimated to owe more than $8m to creditors has appointed liquidators to a second renovation business.
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The former director of a Sunshine Coast building company that collapsed owing an estimated $8.8m to creditors last year has appointed liquidators to a second renovation business.
The company, NCM Construction Group QLD Pty Ltd, which worked primarily in renovations, appointed SV Partners as liquidators on Wednesday, February 28.
Australian Securities and Investments Commission documents show Michael David Robbie was the director of NCM Construction Group QLD.
Liquidator Jason Cronan said the company was believed to have stopped trading before the liquidation of Mr Robbie’s other company, National Construction Management (NCM) in March 2023.
“Whilst the company operated a separate business, there is a relationship between the entities. We are advised the company ceased trading prior to the liquidation of National Construction Management Pty Ltd,” Mr Cronan said.
Mr Cronan said it was currently estimated NCM Construction Group QLD owed a debt of $200,000 to the Australian Taxation Office.
“It is very early stages of the liquidation of the company,” he said.
“We are still gathering information regarding the company’s financial position.
“At this point, the only known creditor is the ATO who is owed approximately $200,000.”
Mr Robbie’s well-known company, National Construction Management Pty Ltd, entered liquidation on March 10, 2023, appointing Worrell’s Dane Hammond as liquidator.
As of June 2023, 123 creditors had lodged claims totalling a debt of about $8.83m.
One creditor listed in ASIC documents is NCM Construction Group QLD Pty Ltd, for a debt of $758,576.53.
The liquidator’s report to creditors, published in June 2023, stated the date of suspected insolvency for National Construction Management was “at least from 30 June 2022”.
The amount of debt incurred after this time was estimated to be at least $1.8m.
According to Mr Hammond’s report to creditors, Mr Robbie closed the business around December 2022 or January 2023 due to “insufficient cash flow”.
“The director advised that the business of the company was closed around December 2022/ January 2023 due to insufficient cash flow being generated to continue the operations of ongoing projects which have since been terminated,” Mr Hammond said.
The report stated NCM had just more than $5000 in assets, excluding recovery actions.
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