The head of a prominent industry group has advised against overreacting to startling recent data indicating a significant number of businesses leaving Victoria. According to the Australian Bureau of Statistics (ABS), Victoria was the only state to experience a decrease in the number of registered businesses during the last fiscalContinue Reading
A handful of employees at a major limo service have been left reeling by the company’s collapse, which has left them $4.14 million out of pocket. News.com.au can reveal that on July 13, Brunel Chauffeur Drive and Limousines Pty Ltd went into liquidation. Michael Hogan and Christian Sprowles of insolvencyContinue Reading
A Gold Coast construction company responsible for the building of hundreds of apartments has collapsed into administration. GCB Constructions entered administration on Wednesday, just one day after it had its building licence suspended. The Queensland Building and Construction Commission (QBCC) suspended the company’s licence after it allegedly failed to payContinue Reading
A couple who purchased their dream home have been forced into a bind after they noticed cracks in the ground that had begun sinking their property. The home, located in Maryborough in the Fraser Coast Region of Queensland, was intended to be Russell Dreger’s “forever home,” specifically designed to accommodateContinue Reading
A Victorian family are sounding the alarm as their builder’s 18-month ban from constructing houses comes to an end. Hadar and Agnes Barsheshet, in their early 50s from southeast Melbourne, claim they were left hundreds of thousands of dollars out of pocket from a nightmare ordeal with a building companyContinue Reading
Two more building companies have collapsed less than a week after the construction sector was shaken by the collapse of a multimillion dollar firm with a foothold across three states. Queensland-based National Construction Management Pty Ltd went into liquidation on Friday while Allworks Building Pty Ltd, a NSW company, collapsedContinue Reading
Less than 24 hours after a major building company closed up its website and abandoned construction sites, it has called in administrators. On Tuesday afternoon, PBS Building, a multimillion-dollar firm which does a mix of commercial and residential projects across Queensland, NSW and the ACT, officially collapsed. Jonathon Colbran, RichardContinue Reading
A prominent Australian building company spanning across three states is “teetering” on the edge of ruin, a top union member has warned. PBS Building, a multimillion dollar firm which does a mix of commercial and residential projects, is in the spotlight after appearing to abandon projects. On Monday, the siteContinue Reading
An Australian fashion retailer that had both brick-and-mortar stores as well as a prominent online presence has collapsed. On Friday afternoon, Australian clothes label Alice McCall went into liquidation. The company has shut down its stores across Sydney, Melbourne and Brisbane. However, it is still selling what remains of itsContinue Reading
Another building company has collapsed, marking a grim start to 2023, with administrators revealing it owes $1.4 million. On Monday, Western Australian building firm Metro Homes WA Pty Ltd, which also trades as Hamlen Homes, collapsed into administration. There are 18 projects that have been impacted by the collapse withContinue Reading