INDUSTRY NEWS

May 20, 2022 By subbiesu 2 Comments

Metricon Homes

Friday 20th May 2020 10.15am I am not going to hedge my bets here and say they might go under and they might not because I sincerely hope they …

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May 19, 2022 By subbiesu Leave a Comment

Metricon: ‘Crisis’ gripping building industry as big names fail

Metricon’s possible collapse is just the latest in the industry with a clutch of firms going bust, felled by a ‘perfect storm’ of problems putting …

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May 6, 2022 By subbiesu Leave a Comment

CRCG RIMFIRE CREDITORS MEETING WED 11 MAY 2022

Reason for meeting - In short, our aim is to stop the Liquidator charging $3.16 million in fees after he quoted $300,000. Outrageous! This …

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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.