Brisbane company Stunning Pools has gone into liquidation owing more than $1.04 million, leaving customers, tradies, and suppliers out of pocket – and the tax office chasing a six-figure debt.
Liquidator Nikhil Khatri of Worrells confirmed the Holland Park business had 40 active contracts when it collapsed on October 13, warning clients the company was “unable to complete any outstanding works” and advising those who paid by credit card to seek refunds from their banks.
The ATO is owed $130,000 in unpaid tax and superannuation, while other creditors include IDig Earthworks ($139,233), ScotPac Business Finance ($99,698), and Europe Imports ($50,479). Some customers are owed as much as $60,000 each.
Director Alan Jolliffe, 49, said he “wouldn’t be shocked if I go bankrupt over this” after receiving a director penalty notice.
The company’s original founder, Phillip Karabitsios, resigned in August, though his wife Joanne Karabitsios remains the sole shareholder.
Despite the collapse, Mr Karabitsios has since launched two new ventures — Scenic Rim Custom Pools and Pegasus Pools.
Source: Gold Coast Bulletin
