Three businesses used to run The Grounds of Alexandria in $1.7m debt
FOR an operation that had clocked up almost $2 million in unpaid taxes and other debts, The Grounds of Alexandria has been expanding at a rapid rate.
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FOR an operation that had clocked up almost $2 million in unpaid taxes and other debts, The Grounds of Alexandria has been expanding at a rapid rate.
According to company records, three businesses used to run The Grounds operation have notched up more than $1.7 million in debts since 2014.
The three companies are The Grounds of Alexandria, The Grounds of Alexandria Retail and TGOA Trading. Ramzey Choker is listed as a director of all three.
Mr Choker declined to comment when contacted on Thursday.
They are among the more than 20 companies that have variations of The Grounds name or Mr Choker listed as a director, according to ASIC records.
The largest creditor for the companies has been the Australian Taxation Office, which the three companies owed a combined $1.3 million, financial documents said.
The NSW Office of State Revenue was owed $372,070 from two of the companies, the documents said.
So far, only $132,252 has been repaid by one of the companies, The Grounds of Alexandria, after creditors voted to accept the payment.
It was a fraction of the $585,533 the company owed to its biggest creditor, the ATO, after being put into voluntary administration in March 2016.
The second company, The Grounds of Alexandria Retail, was put into voluntary liquidation in September 2014 owing $727,072 to the ATO. However, nothing was paid back and liquidation firm Cor Cordis wound up the company because there was no money or assets left in the company. The voluntary liquidation of the third business, TGOA Trading, is ongoing after starting in March 2016. Company laws allows directors to move on from failed companies.