clock 24-01-2017
hit 758

Homeowners Caught Up in Builton Collapse

Perth construction company Builton Group has become the latest casualty of Perth's building downturn, appointing administrators on Monday, January 23.


WestBusiness last week reported one unpaid creditor KJ Carpentry (WA) had appointed a liquidator after it was unable to extract $71,000 it said it was owed by Builton Group.

The Building Commission on Friday took the unusual step of issuing a warning about Builtoncorp Pty Ltd, saying people should be cautious about making payments to the company.

The commission said Builtoncorp had contacted it and advised that it "may need to place the company into voluntary liquidation”.

110 homeowners have been caught up in the collapse of builder Builton Group, the failed company's administrators have revealed.

It is understood staff were told late last week not to turn up for work on Monday.

Dino Travaglini and Jeremy Nipps, of Cor Cordis, will front the media this morning to discuss what homeowners need to do to have their projects completed, staffing arrangements and the options for the future of the company.

It is not yet known whether the company might be able to trade out of its difficulties or have to be wound up.

Meanwhile, the Building Commission has asked Builton to "show cause” or explain why it should not have conditions imposed on its builder's registration.

The builder's collapse comes in the wake of the recent foundering of Diploma Group and Collier Homes and adds to a litany of WA home builder failures.




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