The Truck Repair Group in Queensland has gone into voluntary liquidation leaving many local businesses and industry suppliers severely out of pocket.
The Truck Repair Group (formerly The River Group) was sold by then director Russ Hill to Scott and Natalie Hunter back in 2020. There are five sites across the State all of which are affected by the liquidation.
The company closes with debts of $634,290 with a total estimate realisable value of just $550,300. As well as owing the Australian Tax Office over $2.5M, the company has unpaid debts with scores of industry suppliers with little hope of them recovering the money. Local business BDS Mechanical Repairs are down $8000, the Wholesale paint group are out by $60,000 but worst hit is…
