INDUSTRY NEWS

July 2, 2020 By subbiesu Leave a Comment

Bulkbuild Pty Ltd in liquidation, could owe $5 million to creditors

Liquidators have launched an investigation into Brisbane building company Bulkbuild which will be wound up with a mounting list of creditors seeking …

[Read more...] about Bulkbuild Pty Ltd in liquidation, could owe $5 million to creditors

June 30, 2020 By subbiesu Leave a Comment

Rivergum Homes’ Qld building licence cancelled

The building group, which has operated in Queensland since 1996 and last year finished more than $17 million worth of work, has closed its northern …

[Read more...] about Rivergum Homes’ Qld building licence cancelled

June 26, 2020 By subbiesu Leave a Comment

Creditors emerge after major building firm collapse

SCOTT SAWYER26th Jun 2020 12:00 AM Subscriber only A CLEARER picture has emerged of the fallout from a major Coast building group's collapse, with …

[Read more...] about Creditors emerge after major building firm collapse

SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.

It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.

It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.

Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.

We want the rogues investigated and prosecuted for fraud so our goal is to pressure the Queensland Government to set up a fully funded Police Task Force to investigate and prosecute Construction Industry fraud.

SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.