INDUSTRY NEWS

June 7, 2024 By subbiesu Leave a Comment

MSN Homes: Collapsed Brisbane builder’s trail of financial destruction revealed

A Brisbane builder has plunged into administration with claims subcontractors are owed thousands, while more than $1.5m is owed to dozens of …

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June 6, 2024 By subbiesu Leave a Comment

Descon Group Australia director Danny Isaac reported to ASIC after failing to lodge liquidation reports

Debts of collapsed Descon and Adcon building groups are above $200m as administrators reveal a new frustration with the crumbling empire’s director …

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May 30, 2024 By subbiesu Leave a Comment

Brisbane builder on brink of collapse owing $782k, restructuring partners appointed, license suspended

A Queensland builder owing almost $800k did one thing that left other workers infuriated, with one declaring “it boils my blood”. Alex Turner-Cohen …

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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.