A Brisbane construction company has collapsed after being targeted in a crackdown by the state’s building watchdog on struggling firms in the sector.
Glen Norris July 16, 2021 - 2:57PM The Australian Business Network
A Highgate Hill construction company has collapsed after being targeted in a crackdown by the state’s building watchdog.
Bill Karageozis, of McLeod and Partners, was appointed liquidator of Skymark Construction, after more than 120 Queensland building firms were told to stop undertaking new jobs until they could prove their financial health.
Mr Karageozis said investigations into the collapse of the firm were continuing, but it appeared the Australian Taxation Office was the main creditor and is owed about $795,000.
According to the Queensland Building and Construction Commission (QBCC), Skymark has undertaken more than 40 projects over the past five years totalling about $11m.