INDUSTRY NEWS

April 6, 2023 By subbiesu Leave a Comment

Debts of PBS Building climb above $60m as administrators are granted extension of time

Debts of collapsed construction group PBS Building have climbed sharply, again, as administrators are granted a special court exemption. How much PBS …

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April 5, 2023 By subbiesu Leave a Comment

50 Qld companies that collapsed this year | FULL LIST

More than 50 Queensland companies have collapsed so far this year, with the building industry hardest hit and warnings the worst is yet to come. FULL …

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April 4, 2023 By subbiesu Leave a Comment

SubbiesUnited Statement – Destruction of Homes Built by Porter Davis

04-04-2023 Subbies in Melbourne are being blamed for destroying semi finished houses built by Porter Davis Homes by vandalising them, flooding the …

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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.