A staggering 2213 construction companies entered administration in the 2023 financial year, putting the health of those left standing under the spotlight. We run the rule over 11 of the big players
Kathleen Skene Follow 9 min read November 15, 2023 - 7:00AM
Gold Coast Bulletin
Don't miss out on the headlines from Business. Followed categories will be added to My News.Follow
As soaring construction demand continues amid high costs, the financial strength of the sector’s big hitters has never been more crucial.
A staggering 2213 construction companies entered administration in the 2023 financial year – including GCB Constructions, PBS Building, Porter Davis, NPM and more – leaving staff, lenders, buyers and subcontractors hundreds of millions out of pocket.
Using Australian Securities and Investment Commission documents and QBCC licence records, we’ve put the health of some of the state’s biggest existing builders under the microscope.