A company’s $66 million collapse is creating a messy fallout more than six months after the business went bust.
In March, NSW-based Fourteen Consulting Services Pty Ltd was court-ordered to go into liquidation.
The business, headquartered in Brighton Le Sands in sydney’s south, offered labour hire services and had racked up liabilities of more than $66 million by the time it went under.
Last week, on Monday, the liquidator in charge of Fourteen Consulting Services, Darren Vardy, initiated winding up proceedings against 16 other companies to recover some money for its 11 creditors.
Fourteen’s former director, James Burns, ran the business for some time while he was in jail on drug possession offences, after police raided a residence in Sydney’s Waterloo in 2018. He resigned as the company’s secretary in March 2021, before Fourteen Consulting Services stopped trading in August of that year. He resigned as director in March 2022.
According to the court judgment, police found Mr Burns with cash, including a tissue box filled with $20 and $50 notes, and a number of illegal drugs such as cocaine, crystal meth and GHB, as well as steroids and testosterone.
It was part of a police raid to dismantle drug supply in Sydney’s…