Popular Coast lighting business owes $1m

A GOLD COAST commercial lighting business that worked on some of the region’s most prestigious projects has been placed into liquidation by shareholders owing more than $1 million.

Linix Group Australia Pty Ltd, which traded as OMS

Lighting Australia, was placed into liquidation on Monday last week.

It followed a general meeting chaired by sole director Paul Penrose where a resolution was passed to voluntarily wind up the company. A voluntary liquidation is a self-imposed wind-up and dissolution of a company that has been approved by its shareholders.

The Bulletin phoned the number listed for Linix, which lists 8 Anisar Court as its headquarters, to find it disconnected.

Glenn O’Kearney, of Bundall-based GT Advisory, has been appointed liquidator for the company, which had six employees.

Mr O’Kearney said 36 unsecured creditors are owed $600,000 while eight who have registered a security interest over property held by the business are owed $450,000.

Mr O’Kearney said $48,000 is owed in superannuation by the business.

Under the Corporations Act employees are entitled to be paid their full entitlements before other unsecured creditors.

Mr O’Kearney said it was too early to say why the business failed.

Linix’s website says it was founded in 1996 to supply lighting solutions and products for commercial projects across Australia.

It lists the Gold Coast Cultural Precinct and Ferrari dealership in Southport among its projects.