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Dozens of creditors have been caught up in the collapse of a Brisbane blind and shutter retailer with liquidators now investigating how and why the company went bust.
Travis Pullen, of B&T Advisory, was appointed liquidator of Capalaba-based Rainbow Blinds and Shutters in late November and estimates it owes creditors more than $600,000.
Pullen says the company had operated from a residential address at Capalaba, selling various types of blinds and shutters to residential and commercial customers in southeast Queensland.
He says company director Anthony Driene has informed him the company has less than $200 in the bank.
Rainbow Blinds also had an overdraft facility with the National Australia Bank.
The Courier Mail reports that ASIC records show that the Hope Island home of Rainbow Blinds director Anthony Driene is the principal place of business of a company called Oz Shades Qld, selling shades, blinds and shutters to customers across southeast Queensland.
The director of Oz Shades Qld, which was registered in July this year, is Driene’s partner Michelle Colligan, who is also listed as the sole shareholder of the company. Colligan also was a shareholder in Rainbow Blinds.
People clicking on Rainbow Blinds’ website are now directed to the Oz Shades site, which operates from the residential address.
Several customers of Rainbow Blinds have lodged reviews at productreview.com.au in the last six months stating that they have complained to the Office of Fair Trading that the company accepted deposits but had not delivered the promised services.
