A Brisbane-based builder with a strong track record on major projects had gone into voluntary administration, leaving creditors owed about $1.6 million.
Chris Herde, The Courier-MailSubscriber only|May 19, 2020 4:43pm
A BUILDING company which has worked on projects for some of Australia’s leading organisations owes creditors about $1.6 million.
Administrator Leon Lee of Morton + Lee Insolvency said Brisbane-based Bulkbuild Pty Ltd went into voluntary administration on Monday.
“The only project they were working on was the London Residences at West End,” he said.
“The developer secured the site last week.”
According to Bulkbuild’s website the privately-owned company is based in Mansfield in Brisbane’s south and its work covered the industrial, commercial and residential sectors.
The only personnel listed on the website was chairman Digen Hur who did not return phone calls.
Mr Lee said the majority of creditors will be subcontractors.
“At this stage I’m aware of creditors owed about $1.6 million, some of which is related to their current project and some related to previous projects,” he said.
“My first meeting of creditors will be held next Thursday. It’s likely the company will be put into liquidation in June, at the second meeting.”