A car company linked to a larger tradie contracting group has collapsed into liquidation with liabilities of $1.4 million.

News.com.au can reveal that earlier this month, sydney-based Surelinc Fleet went into liquidation.

Its sole purpose was to lease cars to a sister company, Surelinc Services, which does heating, ventilation, airconditioning, maintenance and fire protection jobs.

Surelinc Services, headquartered in Alexandria, is not in liquidation and continues to operate.

The appointed liquidator of Surelinc Fleet, Daniel Frisken of insolvency firm O’Brien Palmer, said the car business had collapsed because its customer, Surelinc Services, stopped paying for the use of the vehicles.

As a result, Surelinc Fleet fell behind on its financial obligations and efforts to recover the money failed, forcing it to close down.

“They (the customer) stopped paying rental moneys,” Mr Frisken said.

Some of the leased cars included “high-end vehicles … which wouldn’t have been cheap” like Harley Davidsons, a Porsche and a Mercedes. “There were toys in there,” he added.

But in a twist, Surelinc Services and a former associate owe Surelinc Fleet $1.1 million for using its cars, according to a report lodged with the…