INDUSTRY NEWS

April 29, 2023 By subbiesu Leave a Comment

Court freezes assets of Descon Group Australia amid court action with Sam Arnaout’s Iris Capital

A besieged construction and development company has been slapped with a court-ordered asset freeze after a deal on a billion-dollar project went …

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April 27, 2023 By subbiesu Leave a Comment

Gold Coast development: Construction cost increases slowing according to new data

New housing is set to be unlocked for the Gold Coast with new data revealing a surprising change in the construction sector which will make struggling …

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April 27, 2023 By subbiesu Leave a Comment

Condev Constructions annual return reveals lawyers, liquidators and bank among few paid in year

Creditors of Condev Constructions are still owed more than $61m, a year on from the devastating collapse. But there are some people who have been paid …

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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.