INDUSTRY NEWS

January 25, 2024 By subbiesu Leave a Comment

Gold Coast home builder Insignia Homes in liquidation with debts over $6m to staff, clients, subbies

A Gold Coast home builder has gone into liquidation owing more than $6m, with staff, customers, subcontractors and suppliers among those out of …

[Read more...] about Gold Coast home builder Insignia Homes in liquidation with debts over $6m to staff, clients, subbies

January 24, 2024 By subbiesu Leave a Comment

Liquidator says GCB Constructions subcontractors to receive less than 11c in the dollar amid $52m failure

The liquidator of a key Gold Coast builder, which collapsed owing more than $50m, has revealed how much of their hard-earned cash subcontractors are …

[Read more...] about Liquidator says GCB Constructions subcontractors to receive less than 11c in the dollar amid $52m failure

December 25, 2023 By subbiesu Leave a Comment

W3D Constructions Pty Ltd put into liquidation with $1.2 million owing, The Southport School job unfinished

A prominent Gold Coast builder and son-in-law of one of the Glitter Strip’s richest men has put his construction company into liquidation, with more …

[Read more...] about W3D Constructions Pty Ltd put into liquidation with $1.2 million owing, The Southport School job unfinished

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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.