INDUSTRY NEWS

August 16, 2024 By subbiesu Leave a Comment

Shopfit Co, directed by Skye Wheatley’s partner Lachlan Waugh, in administration over ATO debt

A building company run by the partner of a Gold Coast reality TV star has gone into external administration. Find out why Kathleen Skene follow 2 …

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August 15, 2024 By subbiesu Leave a Comment

Metricon has $76m turnaround after home builder received $30m lifeline just two years ago

Sarah Petty Updated 14 Aug 2024, 4:31pm First published 14 Aug 2024, 4:22pm. Herald Sun Metricon has recorded a near-$76m turnaround just two years …

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August 15, 2024 By subbiesu Leave a Comment

Gold Coast property sector: Developers setting up own construction wings to push ahead with towers

The Gold Coast’s peak construction body is calling for greater clarity about the impact of developers becoming their own in-house builders. Andrew …

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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.