INDUSTRY NEWS

July 22, 2024 By subbiesu Leave a Comment

Elevate founder Mikel Wellsmore left with unfinished home by Urban Trend Construction

A young couple fighting for their dream home asked the builder to put his Porsche up for collateral if the work wasn’t completed. See the shell of a …

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July 21, 2024 By subbiesu Leave a Comment

Son-in-law rises from ashes of collapsed construction giant Condev

The son-in-law of the owners of collapsed Gold Coast construction giant Condev Constructions has forged ahead with his own building business formerly …

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July 20, 2024 By subbiesu Leave a Comment

$63m owed: Collapsed Condev Constructions’ creditors unlikely to see a cent

Creditors owed tens of millions by collapsed Condev Constructions will unlikely see a cent from the company which a liquidator now says may have been …

[Read more...] about $63m owed: Collapsed Condev Constructions’ creditors unlikely to see a cent

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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.

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.