A Geelong-based company owned by Geelong businessman David Collard has been wound up over allegations it owes more than $100,000 in debt.
A court has ordered Sanitex Global Pty Ltd be placed in liquidation and denied a request by the company’s solicitor to postpone the case, to allow Sanitex to repay money alegedly owed.
Judicial Registrar Kim Woronczak rejected the request, saying the defendant had not demonstrated that the funding would be available.
Mr Collard made headlines when he announced plans for a battery production facility near Avalon Airport and a takeover of UK firm BritishVolt by his business, Recharge Industries.
His other businesses are investigation by the Australian Tax Office businesses.
The failure of Sanitex Global has made news in Britain, with itv.com reporting the purchase of BritishVolt’s Northumberland factory was in doubt.
Local MP Ian Lavery told itv he had been assured the purchase would proceed..
“The deal should have been concluded some weeks ago, if not some months ago, and it hasn’t been concluded. So I am naturally concerned,” Mr Lavery said.
“(But) I’ve been in touch with the chief executive and he assures me that this is still happening. It’s still very much part of his vision for the site … and he believes it will be concluded very shortly.