REVEALED: How many millions owed by collapsed stores

EARLY investigations reveal staff and other unsecured creditors of two Sunshine Coast supermarkets are owed millions of dollars after the company operating the stores collapsed.

Liquidator Mitchell Griffiths, of Rapsey Griffiths Insolvency and Advisory said his early analysis showed Cantro Pty Ltd - directed by Dennis Curran and owned by Dennis, Troy and Lisa Curran - owed debts to unsecured creditors worth $3-$3.5 million.

>> Coast supermarkets collapse, liquidators appointed

Mr Griffiths said that figure was an estimate based on records gathered to date and communications with Dennis Curran, and former staff of the Woombye Supa IGA and Palmwoods IGA stores operated by Cantro through a trust, believed to be Curran Group.

The $3.5m estimated debt included employee entitlements, but the total debt figure could rise, as Mr Griffiths was yet to determine how much was owed to secured creditors.

"It is uncertain whether creditors will receive a return from the liquidation process at this time," Mr Griffiths said.

Students from Woombye State School, Zeppelin OShea, 6, Razielle OShea, 7, and Kali Boyd, 6 are short-changed over Woobye's IGA store closure not honouring food vouchers for their tuckshop.
Students from Woombye State School, Zeppelin OShea, 6, Razielle OShea, 7, and Kali Boyd, 6 are short-changed over Woobye's IGA store closure not honouring food vouchers for their tuckshop. Patrick Woods

He said former Cantro employees may be able to access the Federal Government's Fair Entitlements Guarantee scheme to recoup some entitlements owed, but that excluded superannuation.

Mr Griffiths said he understood the business was sold to an unrelated third party prior to Troy, Lisa and Dennis Curran appointing him as liquidator on April 11.

On March 31 Spar Australia took control of the two supermarkets, and employees of the former IGA supermarkets were offered jobs with the new owner.

Spar Australia's Corporate Stores general manager Nick Koutsis told the Daily on Wednesday they'd re-hired anyone who chose to come across, but said about half the staff had opted not to stay on, frustrated by the situation with Cantro.

The Daily understands dozens of staff have been left out of pocket, with some owed tens of thousands of dollars, as a result of Cantro entering voluntary liquidation.



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