Apollo Joinery in NSW folds under more than $11 million debt burden

·

Workers at two New South Wales factories have criticised their former employer as the company Apollo Joinery goes bankrupt. This has left the company and other creditors millions short. 

According to The Daily Telegraph, two companies connected to Sydney’s Apollo Group, which specialises in kitchen and bathroom joinery, collapsed after 56 years. With big builders as its main clients, the market now faces additional strain. 

The Federal Court ordered Apollo Kitchens (NSW) Pty Ltd into liquidation due to a $7.8 million tax debt, leading to 100 job losses, followed by the voluntary liquidation of Brownlen Pty Ltd, resulting in 29 job losses.

One staff member, with the alias Ron, revealed that he hadn’t been paid any superannuation for 18 months of work, since October 2022. 

“All staff are absolutely disgusted,” Ron told news.com.au.

Kathy Sozou
Kathy Sozou. Photo: McGrathnicol.

One of the liquidators, Kathy Sozou shared that as well as the company’s tax debt, the company owes an additional $3.5 – $4 million to other unsecured creditors. 

Ms Sozou said that brings the company’s debts to around $11 million, most of which were added over the last three months. She also said that a few of the big suppliers were creditors, as well as about 50 smaller businesses. 

“Some of that is inter-company claims, because they traded with entities in the group,” Ms Sozou said. 

Source: The Daily Telegraph. 

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greek Deputy Foreign Minister visits Greek community in Tasmania

The Deputy Minister of Foreign Affairs, Ioannis Loverdos, visited the Holy Trinity Greek Orthodox Parish in Hobart, Tasmania.

MWL Financial Group enters administration amid ASIC probe

MWL Financial Group has entered administration amid an ongoing ASIC investigation into the collapsed Shield Master Fund.

South Melbourne, Heidelberg triumph while Sydney Olympic fall in Australian Championship

Round 2 of the 2025 Australian Championship delivered thrilling goals and standout performances across the competition.

Australian doctors praise Rhodes Hospital during visit

A delegation of 25 hospital doctors from Australia visited the General Hospital of Rhodes this week as part of a tour of medical facilities.

Ange Postecoglou leaves Nottingham Forest with classy farewell after being sacked

Ange Postecoglou has been sacked by Nottingham Forest just 39 days after taking charge, but the Greek Australian showed trademark composure.

You May Also Like

Albania, Greece take maritime dispute to international court

Greece has recently launched a push to delimitate its sea borders with neighboring countries, so far signing deals with Italy and Egypt.

Kalymnian Brotherhood celebrates great start to the year with annual picnic

The Kalymnian Brotherhood of Melbourne hosted their annual picnic, an event that was long missed following the COVID-19 restrictions last year.

Greek PM: ‘Best-case scenario’ is we will reopen for tourism on July 1

Greek Prime Minister, Kyriakos Mitsotakis, said in an interview he had high hopes the tourism season would start July 1, as the Greek economy depends on it.