UPDATED: Residential construction outfit Builton Group is closing its doors, becoming the second local homebuilder associated with Tim Guests Infinite Wealth to go bust in as many years.
Business News understands Builton staff have been told not to come to work on Monday, with an announcement that the company has been placed into administration expected later today or over the weekend.
Builton trades under the brands Platinum Homes and Aspireon Homes, and develops apartment projects under the Builton banner, including the under-construction Quattro on Burswood and Greenwich on Bulwer.
Sources suggest the company would have had between 50 and 80 jobs under way at the time of its collapse, mostly apartment product, the Master Builders Associa…
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