‘Weak’ ASIC leaves builders free to trade insolvent
Australia’s “weak as water” corporate regulator has never prosecuted a building company director for insolvent trading, despite its presence in “virtually all” construction liquidations.
Company Collapses
The latest news on Queensland company collapses
Court action launched against national fashion chain
A debt to a delivery company has seen a high-profile clothing chain – that’s operated for more than 50 years – slapped with court action to liquidate it.
NAMED: Award winning builder goes bust owing more than $1.5m
Clients allegedly left with shattered dreams and unfinished homes are pleading for other victims to come forward following a builder boasting dozens of awards across Qld entering into liquidation.
‘Substantial insolvent trading’: Disability care company collapses
A Sunshine Coast disability care provider has collapsed with approximately $1.4m owing to creditors as the company’s director faces fraud allegations.
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Tradies lash out as Brisbane builder plunges into administration
A Brisbane-based building company that has taken on $10 million worth of projects since July has been plunged into administration, with claims subbies are owed thousands.
Fears failed building giant amassed huge debts
Collapsed building giant St Hilliers is at least $6m ‘in the hole’ on one of its major Queensland projects with subbies tipping any rescue package was doomed to fail.
The failed luxury boat builder that sank dreams
Customers of a now collapsed Gold Coast luxury boat builders face an expensive battle to get their vessels finished in Chinese shipyards.
Qld building industry rocked as seven companies collapse in week
Seven Queensland construction firms have collapsed in the past week alone with the industry under “immense” pressure amid a brutal summer.
Brisbane builder in $300k collapse as liquidator flooded with calls
A Brisbane building company of more than 20 years has gone into liquidation amid worsening conditions for Queensland’s already embattled construction industry.
$1.2m owed, elite school job unfinished as Gold Coast builder goes into liquidation
A prominent Gold Coast builder and son-in-law of one of the Glitter Strip’s richest men has put his construction company into liquidation, with more than 50 creditors owed money and a job at a major school left unfinished.
Staff, suppliers owed in Brisbane juice company’s $1.6m collapse
A Queensland juice distributor that went bust several weeks ago owes $1.634m to more than 100 unsecured suppliers and staff.
Liquidators seek probe into builder’s $80m collapse
Privium’s liquidators are seeking funding for a public examination into the reasons behind the building firm’s $80m collapse.
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