July 20, 2023 By subbiesu Leave a Comment

Five more companies join wind-up action as subbies blast QBCC for not taking licence action sooner

The director of embattled Gold Coast builder GCB Constructions insists his company is viable, despite five more companies joining court action to wind it up. Find out the latest on the situation

Kathleen Skene Follow 3 min read July 20, 2023 - 6:00AM

Gold Coast Bulletin

The director of embattled Gold Coast builder GCB Constructions insists his company is viable, despite five more companies joining court action to wind it up.

GCB managing director Trent Clark said he was “determined and confident” of overcoming financial struggles which have seen work slow to a trickle or completely stop at sites along the east coast since May 8.

There has been good news for buyers in GCB’s largest project, Marine Quarter at Southport, who were told via email the site’s tower crane would return to operation and concrete work would recommence this week.

Subcontractors and suppliers of the company have lashed Queensland’s building regulator for not taking more decisive action on GCB’s licence.

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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.