The company behind multiple Sunshine Coast mortgage broking businesses revealed to owe creditors more $1.5m

An established Sunshine Coast mortgage broking company is estimated to owe creditors more than $1.5m in debts, documents have revealed.

Subrosa Group Pty Ltd director Scott Roberts.

A Sunshine Coast company, which operated three businesses specialising in private mortgage broking, has brought in liquidators after accumulating approximately $1.5m in debts.

The company, Subrosa Group Pty Ltd, traded under three separate business names, according to the Australian Securities and Investments Commission documents and appointed liquidator Paul Nogueira to wind up the company on May 14, 2024.

The three businesses included Independent Broker Network, IBN Direct and IBN Direct: Alternative Funding Solutions, according to the ASIC documents.

The company, Subrosa Group, was directed by Little Mountain man Scott Roberts, along with his wife Fiona, according to the IBN Direct website.

ASIC documents show among the 13 known creditors, a number have debts exceeding six-digit figures, including the Australia Taxation Office with approximately $234,455 owed.

Fiott Pty Ltd, a related party to the company, is owed the largest debt at $705,792 along with the National Australia Bank, which is owed approximately $122,618.

In liquidator Paul Nogueira’s report to creditors in May he estimated the company had approximately $1.4m in assets.

Mr Nogueira said investigations into the financial affairs of the company were ongoing and his findings would be presented to creditors in the statutory report.

Mr Roberts and Mr Nogueira have both been contacted for comment.