Liquidator of Gold Coast’s Infinity Motorhomes finds $1.7m in unexplained payments

More than $1.7m is unaccounted for in the liquidation of a Coomera motorhome company which sold customers’ vehicles without passing on all the money. What else the liquidator found:

More than $1.7m dollars is unaccounted for in the liquidation of a Coomera motorhome company which sold customers’ vehicles without passing on all the money.

Infinity Motorhomes, which also traded as Gold Coast RV Repairs and B & P Compass Campers, went into liquidation on February 7, following a Supreme Court wind-up.

In his latest report to creditors, liquidator Andre Lakomy of Cor Cordis said company director Bradley Boakes, 40, had not co-operated with his investigations, failed to provide a complete directors report on company affairs (ROCAP) and failed to provide complete company books and records.

According to ASIC, failure to provide a ROCAP or disclose and deliver books and records can results in fines over $10,000 or imprisonment.

Mr Lakomy’s report said Infinity had likely been insolvent since it began and remained that way until it went into liquidation.

Infinity Motorhomes is in liquidation.

It said Mr Boakes could be liable for insolvent trading claims of more than $500,000.

The liquidator had found about $1.7m in withdrawals and transactions from the company’s accounts that required further explanation, including $804,000 paid to the director.

Mr Lakomy’s report said his investigations found potential insolvent trading, uncommercial transactions, unreasonable director-related transactions and breaches of director’s duties.

It said “various third parties” had alleged the company had sold their motorhomes and failed to pass on the sale proceeds.

“My investigations regarding potential fraud and the misappropriation of funds are ongoing,” Mr Lakomy wrote.

Unsecured creditors were owed $504,207, including $142,000 in tax, and the company had less than $5000 in cash, with no other assets.

The liquidator said the tax debt could climb to $245,000.

The wind-up action was sparked by retiree Trevor Godfredson, who gave his custom built Motorhome to Infinity to sell in August 2020.

Court documents said Mr Godfredson, a widower, was still owed more than $100,000.

Mr Godfredson’s Denning motorhome that was sold by Infinity Motorhomes. Photo: CMCA

Loganlea resident David Palmer also made a claim against Infinity, saying he’d handed his Mercedes Benz Sprinter Liberation Motorhome to Mr Boakes to sell on his behalf.

Mr Palmer claimed the motorhome was sold in October 2021, and $75,000 was taken from the buyer.

Although the new owner received the vehicle in April 2022, Mr Palmer said he never got the money.

After his demands for payment were ignored, he was granted a default judgment for $80,610, representing the purchase price plus interests and costs, in December 2022.

As of January 30 the funds were yet to be paid.

WorkCover Queensland was also party to the court wind-up, submitting an overdue account of $12,127 for Infinity.

Mr Lakomy said he expected the liquidation to be completed within the next three months.