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May 25, 2018 By subbiesu

Sidhu Developments Pty Ltd – in Liquidation

Fighting for Subbies Rights

The signs were there on their QBCC licence for this company to fail.

Could the QBCC have a filter that alerts them when a companies revenue drops substantially?  It is a valuable sign for subbies when deciding if they want to work for a builder.

  • It was a development company building their own houses
  • They hired a nominee builder
  • The company was only 2 years old
  • Their residential construction work was half of what it was the previous year

A major sign to look for on a licence is a sharp downturn in annual residential construction work turnover. It can often point to a company in trouble, especially a new company. In this case, turnover was half that of the previous year.

 

As usual, there are subbies badly hurt here, one I know for well over $100,000.

The director did a reasonable job of hurriedly hiding as much as possible from public view before anyone could capture it for future reference but they missed some:

  • Taking down the facebook page
  • Hiding the website
  • Deleting their Linkedin profile

Just another disgusting episode in the annals of the Queensland building industry.

If any affected subbies would like to go further, please contact me on support@subbiesunited.com.au

 

 

Filed Under: General News

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ABOUT US

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.

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