An international student agency that collapsed in late February may have been trading while insolvent for more than a year, the liquidator believes.
In a statutory report to creditors, liquidator Joshua Taylor estimated GrowPro Experience Pty Ltd owed more than $2.74 million to creditors, including roughly $450,000 to the Australian Tax Office.
His report contained preliminary findings and noted further investigations were required.
In the report, Mr Taylor stated he was considering reporting alleged breaches in director duties including allegations of failure to use care and diligence, failure to act in good faith, and insolvent trading, possibly opening directors to being personally pursued for money owed to creditors.
“Upon the…
