The liquidator for collapsed interior design company Habitat 1 is pursuing $1.25 million from one of the business's former directors, Geoff Pritchard, and his wife.
The fate of once-thriving Perth business Habitat 1 provides salutary lessons for investors and company directors, especially those who have signed non-compete agreements.
Interior design firm Habitat1 has secured a Supreme Court injunction against its founder, Christian Formby, after he sought to transfer its domain name to a new company and set up a business called Habitat Interiors.