Major construction company St Hilliers has been placed into voluntary administration, halting work on 21 multimillion-dollar development projects around Australia.
WLP Restructuring was appointed as voluntary administrator of seven entities within the sydney-based St Hilliers group of companies on Sunday.
In a statement, a spokesperson for WLP Restructuring said the company had “secured and paused” all works across St Hilliers’ active construction sites while they undertook an urgent assessment of the business’s financial position and operations.
“As this assessment is completed, approximately 80 staff members will remain employed while 22 have unfortunately been made redundant,” the statement read.
The company’s major projects include several Department of Defence contracts, along with commercial developments in Newcastle, Sydney and on the New South Wales Central Coast.
Gosford waterfront project impacted
Peter Lawley from the…
