A liquidator has been appointed to the company behind an entertainment precinct, weeks after it ceased trading following its sudden closure announcement late last year.
A spokesperson for The Asset Restructuring Group confirmed that Alan Walker was appointed liquidator of The Station on February 4 by order of the Supreme Court of Victoria.
The appointment followed an application filed by majority creditor Flexihire Pty Ltd, which is “owed approximately $70,000”.
The spokesperson says investigations are still in their early stages and detailed findings were not yet available, but confirmed the company had stopped operating before the liquidator’s appointment, in or around January this year.
The liquidator’s initial notice to creditors was expected to be issued on or before March 4.
The venue’s owners Chris and Lauren Hignett say updates could not yet be provided as the “liquidation process takes time and the liquidator was only appointed earlier this month”.
Mrs Hignett says her thoughts are with another Sunshine Coast venue which announced its closure.
“Our hearts are with the Solbar team right now, following their closure announcement,” she says.
“It’s a devastating blow for live music on the Sunshine Coast.”
The liquidation process will now determine the company’s financial position, including assets and liabilities, and whether any returns will be available to creditors.
