A staff member has shared the appalling message they received from their boss after tendering their resignation.
Two months later, Vallec and two related companies, headquartered in Newcastle, went into liquidation with cumulative debts of more than $7 million. The liquidator of another NSW construction company which collapsed last year, Workspace One Pty Ltd, also suggested in his statutory report to the corporate regulator Mr Arnold had been a “potential” shadow director – where he is a director in every way but name.
Toby McCosker now works at Alurt Construction. Alurt’s director is on the left. Picture Chris Knight Only when Mr Clarke’s company became involved in a court case against Workspace One did he realise that Mr Arnold’s wife was the director.Mike Arnold’s wife has denied he is a shadow director. In a report to the corporate regulator, Workspace One’s liquidator, Liam Bailey, accused Kathryn Arnold of pocketing $861,000 in company money prior to its collapse – more than the sum total the business owed to creditors.
In February she entered a guilty plea to both counts of a director/secretary not make out statement of company affairs and officer not deliver books to liquidator.
News.Com.Au Article Construction Company American Family Insurance Group Worker Quits Staff Member Difficulty Contacting Project Manager Company Collapses Building Work Requisite Paperwork Alexandria Massive Tax Bill Company Director Chris Knight Northern Africa Company Collapse Controversy Africa Rhys Clark Occupation Certificate Text Message Alex Turner-Cohen Business Costs Liam Bailey Crazy Message Civil Offence Proceedings Shadow Director Multimillion-Dollar Contract Sydney Corporate Regulator New South Wales Court Case Business Dealings Egypt News.Com.Au Investigation Toby Mccosker Newcastle Oceania Building Site Rental Property Securities Invesment Commission Company Money Chief Operating Officer Nambucca Heads RSL Club Building Company Australia And New Zealand City Of Sydney Council G C Kathryn Arnold Company Affairs Coffs Harbour Sole Director Shocking Text Australia
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