Same address, same practitioner: Source Scaffolding restructured in 2024. AAF Scaffolding is in administration.

Two scaffolding businesses have given the same Gold Coast address: 10 Hope Street, Nerang. Both have now entered a formal insolvency process, two years apart. Both times, ASIC's notice named the same practitioner.

In June 2024 it was Source Scaffolding Pty Ltd, ACN 102 376 107, which appointed David Michael Stimpson of SV Partners as its restructuring practitioner. On 24 September 2026 it was A A F Scaffolding Pty Ltd, ACN 066 819 270, acting as trustee for the Dry Hire Holdings Trust, which appointed Mr Stimpson and Abdul Chambal as administrators.

AAF Scaffolding's website gives 10 Hope Street as its address and opens its history with "Since 1974". Its page for the Hamilton Island Yacht Club project credits the work to Source Scaffolding.

So which scaffolder is in administration? One company: A A F Scaffolding Pty Ltd, in its capacity as trustee for the Dry Hire Holdings Trust. Source Scaffolding Pty Ltd is not in administration, and ASIC has published no notice about it since August 2024.

For anyone owed money by the scaffolders at Hope Street, that difference decides which process, if any, the debt belongs to.

The notice is only the first layer. The Daily Register connects legal entities, trusts, operating names, ACNs, practitioners and earlier filings, so an alert arrives already tied to the company behind it.

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Source Scaffolding Pty Ltd has been registered since October 2002. At the start of 2025 its own website described "a well established distributor of scaffolding", in both the hire and sale of scaffolding products, with its "Nerang yard" at 10 Hope Street.

There was an earlier signal, in December 2023. The CFMEU had applied to the Fair Work Commission to approve an enterprise agreement covering Source. Source had signed the agreement and filed a declaration supporting the application, and 19 of its 20 eligible employees had voted, all in favour.

On 13 December 2023 Source emailed the Commission saying it wanted the application discontinued, without giving reasons. As the employer rather than the applicant, it had no power to discontinue it. At a hearing on 18 December, asked whether there was any legal basis for its objection, Source "cited financial difficulties as the reason behind its objection", the Commission's decision records, while conceding there was no legal barrier to approval. The Commission approved the agreement on 19 December, to operate from 26 December 2023. Six months later, Source was in small business restructuring.

Its 2024 restructuring left three ASIC notices:

Small business restructuring leaves the directors in control while a plan is put to creditors, and the August notice is the one that follows a plan being made. No later notice records how the plan ended. The company remains registered, its GST registration is recorded as cancelled from 1 April 2024, and its website did not load on 30 September 2026.

AAF's website says: "Since 1974, AAF Scaffolding Pty Ltd has emerged as a premier scaffolding service provider in Queensland and New South Wales." It counts "over 50 years of experience".

The registers hold three different dates:

None of those dates contradicts the website: a business can be older than the company that now runs it. But they are different things, and only one of them is in administration: the company, acting as trustee of a trust whose ABN dates from January 2024.

Source has the same shape. Beside the company sits the Trustee for Source Scaffolding Trust, which has held an ABN since October 2002 and is still active.

AAF's projects include the Hamilton Island Yacht Club. The page sits in AAF's own portfolio, but its account of the work names another company: "Source Scaffolding tackled the challenge by engineering a bespoke scaffolding solution". It closes by crediting "Source Scaffolding's expertise".

Q1, the Surfers Paradise tower, appears on both websites as well: as an AAF project, and in Source's archived list of projects it supplied.

That is how the business presents itself to customers. It does not establish how the two companies are related, whether any business, equipment, staff or the Hope Street tenancy moved from one to the other, or who owns the scaffold stock.

An invoice or contract from this address could carry the AAF name, the Source name or a trust. The administration covers A A F Scaffolding Pty Ltd in its capacity as trustee for the Dry Hire Holdings Trust. A debt owed by Source Scaffolding Pty Ltd is owed by a different company, which is not in administration.

The shared practitioner does not merge the two matters either. A creditor who dealt with Source's 2024 restructuring may recognise the name on the 2026 notice, but the two processes concern two companies.

For AAF's creditors, the notice sets the dates. The first meeting is held virtually at 10am AEST on 7 October, and creditors who want to attend are asked to lodge proofs and proxies with the administrators by 5pm AEST on 6 October. With Queensland's King's Birthday holiday on 5 October, the meeting falls on the eighth business day after the appointment, the last the Corporations Act allows for a first meeting.

The website tells one story, from 1974. The register tells it in companies: Source Scaffolding into restructuring in 2024, then AAF, as trustee of a trust whose ABN dates from January 2024, into administration in 2026. A creditor's claim follows the legal entity that incurred the debt, not the story told by the brand.

We're opening a small number of paid research slots for credit teams, lenders, advisers and investors dealing with exactly this problem.

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ASIC published notices concerning 87 entities on the day, across 89 notices. 40 are newly published distress entries: a company entering an insolvent process, disclosed in this issue. The remaining 47 are:

Treating every entity on the day's register as a new distress event would report 87 where the resolved register supports 40 newly published distress entries.

Paradigm Biopharmaceuticals Limited (ACN 169 346 963), listed on the ASX since 2015, appointed Hayden White and Christopher Pattinson as voluntary administrators on 29 September, and ASIC published the notice the same day. The notice names one company and gives no first-meeting date, so the next dated step arrives in a later notice. Any other company in the group sits outside this appointment unless its own notice says otherwise.

The register carried 40 newly published distress entries. Those carrying a former or trading name are listed first. Dates are from the notice.

37 further companies appear on the register for this day: see the full 29 September 2026 register.

24 of the day's entities carry a trading, business or former name that differs from the legal name by more than case, punctuation or a corporate suffix. The entities below are the ones an exposure list of any shape would surface first: distress entries, then applications and stage changes. Solvent and procedural rows are counted but not shown.

21 further entities carry at least one other name on record. The complete resolved name set for the day ships as the Ledger File.

Important: These are winding-up applications, not findings that the companies are insolvent or have been wound up. Hearing details are those listed in the notices and may change or may already have passed. Check the current court list and company status before acting.

9 further applications appear on the register for this day: see the full 29 September 2026 register.

These dates come from the notices and are recorded for reference. Confirm the current position before acting.

31 further dated obligations appear on the register for this day: see the full 29 September 2026 register.

39 of the day's companies were already in the Register. Those whose event changed are shown below. The earlier date on each row is a PUBLICATION date, so the underlying event is earlier still. None of those earlier steps is visible to anyone reading a single day in isolation.

36 further companies appear on the register for this day: see the full 29 September 2026 register.

A A F Scaffolding Pty Ltd, as trustee for the Dry Hire Holdings Trust, is in voluntary administration. If a company you deal with has entered administration or liquidation, our creditor guide explains the public-record steps and how to identify the correct legal entity. Each route is keyed to how the money is at stake, every statement links to its official source, and the entity lookup is free.

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We publish public-record information, not advice. Where a company is in an external administration, the appointed practitioner is the authoritative source on that matter.

Builders, scaffolders, subcontractors and trade suppliers that enter administration or liquidation or face a winding-up application, with the legal entity and every other name on record. Each weekday, without searching the register company by company.

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Primary sources: the administrators' notice of appointment and first meeting for A A F Scaffolding Pty Ltd; Source Scaffolding Pty Ltd's restructuring notices of 12 June, 11 July and 13 August 2024; the Paradigm Biopharmaceuticals notice; the Fair Work Commission's decision [2023] FWCA 4353; ASIC's insolvency appointment and company registers; the Australian Business Register; ASX company information; AAF Scaffolding's website; and Source Scaffolding's website as archived in January and February 2025.

Public records current to 30 September 2026. ASIC insolvency notice information is sourced from ASIC Published Notices. Based on ASIC Companies dataset, licensed under CC BY 3.0 AU. This article reports public-record information and is not legal, financial or credit advice.