A Lamborghini-driving, globetrotting playboy’s construction company has gone under months after being deregistered.
FTD Construction, which also stands for Fulfil The Dream, was placed into liquidation on Monday.
Its Perth-based sole director and chief executive Ricky Hirsch, 37, is fond of posting social media images of himself either jet-setting overseas to luxury resorts, or sitting in one of his Lamborghinis.
GTS Advisory director Mathieu Tribut has been appointed as liquidator.
FTD Construction touts its tycoon founder Mr Hirsch as a financial genius who started a company at age 24 when others were still panicking about the Global Financial Crisis.
Mr Hirsch boasts how he has ‘expanded his enterprise from Australia to Dubai, Singapore, China, and Indonesia’ and had set his sights on New York and Miami.
Fulfil The Dream’s assets are being sold four months after Western Australia’s Building Services Board declined to renew its registration, citing financial management issues.
A Lamborghini-driving playboy’s construction company has gone under months after being deregistered (he is pictured right with his wife Lilya)
‘The Board was not satisfied that the company met the financial requirements for registration or that it had arrangements in place to ensure the proficient management and supervision of the building services carried out by the company,’ it said.
The Building Services Board advised affected customers to apply for home indemnity insurance.
FTD Construction still has a website with the tagline: ‘Partner with FTD and share in developer profits.’
Its website touts $448million worth of ‘pipeline projects’ for 2023 and 2024 and more than 50 joint ventures.
Mr Hirsch, who founded the company when he was 24, is touted as someone with an entrepreneurial spirit from a young age.
‘Seemingly born with a profound drive for success and a sound corporate mind, Ricky Hirsch has been following his inner entrepreneurial spirit since he was just 17 years old,’ his company website said.
‘At the ripe age of 17, Hirsch discovered an untapped niche in the marketplace, leveraging unique techniques that incredibly multiplied his investment by tenfold.’
His website also boasted about how he bucked property market panic during the Global Financial Crisis.
‘Back in 2008, when most people were still recovering from the Global Financial Crisis (GFC), Hirsch went against the grain,’ his website said.
‘He capitalized on a new model that would later reshape the local developer strategy in his city.
‘He introduced unique triplex development models, which enabled him to make twice the profits while leveraging only a quarter of the working capital—this was a game-changer.’
FTD Construction quotes an interview he gave to the American Forbes New York magazine in August 2023, just weeks before the Western Australian government declined to renew his building registration.
‘I saw an opportunity and had a vision. I took over the property with a plan in place to change the game in the group dwelling space,’ he said.
Its Perth-based sole director and chief executive Ricky Hirsch is fond of posting social media images of himself jet-setting overseas or revving a Lamborghini (he is pictured with a Lamborghini Aventador)
Mr Hirsch boasts how he has ‘expanded his enterprise from Australia to Dubai , Singapore , China , and Indonesia ‘ and had set his sights on New York and Miami (he is pictured at a luxury resort in Bali)
Mr Hirsch has a penchant for posting his riches in social media, with his Facebook page featuring a video of him from 2013 revving a black Lamborghini Gallardo.
His social media page also features one of him sitting in a Lamborghini Aventador with a winged door open.
New models of this car sell for more than $800,000.
Just four days ago, the American Rubicon PR Group placed a Facebook advertisement hailing FTD Construction as being the future of modular construction, highlighting a sponsored opinion piece he had written for the Inc Australia website just two weeks ago.
‘Fulfil the Dream is a pioneering company in the field of modular construction, committed to redefining urban development through innovative and sustainable building practices,’ it said.
‘Under Hirsch’s leadership, Fulfil The Dream is not just implementing modular construction as a response to current challenges but is envisioning it as the future of urban development.
The company’s assets are being sold four months after Western Australia ‘s Building Services Board declined to renew its registration, citing financial management issues
‘The company sees modular building as a versatile solution that can adapt to various architectural styles and community needs, offering a more sustainable and efficient approach to urban growth.’
The Australian Securities and Investments Commission on Monday announced an annual general meeting had resolved to wind up the company and appoint a liquidator.
Daily Mail Australia has contacted FTD Construction and GTS Advisory for comment.