These companies were responsible for debts topping $4.25bn, with the repercussions tearing through small and medium businesses and devastating home buyers. Here’s how they unfolded.
Kathleen Skene follow 8 min read May 3, 2025 - 12:00AM
The Australian Business Network
These 10 building companies were responsible for debts topping $4.25bn, with the repercussions tearing through small and medium businesses, devastating home buyers and killing family budgets.
Here’s what happened in some of Australia’s worst ever construction company failures, how some of the companies’ debts have ballooned since they first collapsed and what’s happening with them now.
Probuild
Directors: Luke Stambolis, Charles Henwood, Paul Foley, Nicholas Gaudry
Estimated debts: $1.4bn as of August 2024.
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