INDUSTRY NEWS

February 29, 2024 By subbiesu Leave a Comment

Gold Coast company Pack Properties, which traded as Boston Formwork and was related to GCB Constructions, is in liquidation

Another Gold Coast construction company has collapsed, with 22 staff owed hundreds of thousands of dollars. Here’s how it’s linked to an earlier $52m …

[Read more...] about Gold Coast company Pack Properties, which traded as Boston Formwork and was related to GCB Constructions, is in liquidation

February 27, 2024 By subbiesu Leave a Comment

Cubitt’s Granny Flats and Home Extensions has collapsed and is seeking a buyer

A family-owned builder that has been operating for 30 years has collapsed, owing almost $4m, and is seeking a new buyer. Chris Herde Follow …

[Read more...] about Cubitt’s Granny Flats and Home Extensions has collapsed and is seeking a buyer

February 26, 2024 By subbiesu Leave a Comment

Skyfield Homes director Dazhi Wang could face three-year ban as voluntary administration unfolds

The director of a Gold Coast builder, in administration with 38 unfinished home sites and at least $1.5m debts, could be excluded from the industry …

[Read more...] about Skyfield Homes director Dazhi Wang could face three-year ban as voluntary administration unfolds

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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.