voluntary administration

Major builder collapses after backlash

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Major builder collapses after backlash

Construction company A1A Homes and its subsidiary A1A Commercial Builders have gone into administration. Construction on more than 700 homes has been put on hold in Victoria as another construction firm enters voluntary administration. Mahercorp, the parent company of builders Eight Homes and Urbanedge Homes, has informed clients that construction will be suspended for more … [Read more…]

Mining group survives after settling $9m debt

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Mining group survives after settling m debt

Employees at Mackay’s TEAM Group can breathe easy after the company successfully emerged from voluntary administration. Here’s what happened. It is understood the company held almost $9m in debt when it entered voluntary administration in early April. Administrator Richard Hughes took over the company and presented a deed-of-company-arrangement, or a proposal to settle claims to … [Read more…]