Voluntary administration impacts construction of over 700 homes in Victoria – news.com.au

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 than a month as administrators work to restructure the business. This development follows the…

Mahercorp: Yet ANOTHER Aussie home building company goes into administration – Daily Mail

Yet ANOTHER Aussie home building company goes into administration but says it has ‘not collapsed’ as the construction industry faces dire conditions Mahercorp enters voluntary administration CEO said he was restructuring the business  Construction has been paused by creditors By Bridie Pearson-jones For Daily Mail Australia Published: 17:01 AEST, 21 April 2023 | Updated: 21:19 AEST,…

Footballers who blew their fortune and ended up broke as Manchester United star Wes Brown declares… – The US Sun

FROM rags to riches and back again – unfortunately, it’s an all too common trend in football. This week it emerged former Manchester United ace Wes Brown, 43, was declared bankrupt. 13 This week it emerged Wes Brown (pictured with ex Leanne) has been declared bankruptCredit: Getty – Contributor The Mirror claim HMRC filed a bankruptcy petition…

Danny Soejanto |Restructuring Advisory | Singapore – Kroll

Danny is well-versed in employing cost-reduction and performance improvement initiatives, undertaking interim CFO roles, conducting operational reviews and reviews of business models, cash flow forecasting, operational and financial due diligence, and investigations. He has been involved in various engagements across the financial, retail, logistic, telecommunications, energy and shipping industries. Danny joined Kroll through the acquisition of Borrelli Walsh in…

Mahercorp enters administration, halting more than 700 home builds – The Age

Work on more than 700 Victoria homes has been halted after another construction company went into administration in another blow to the states struggling building industry. Mahercorp announced late Friday it had entered voluntary administration and building works would cease for more than a month while administrators consider restructuring the business. The announcement came just…

Big building company enters administration – news.com.au

As a result of the escalating cost pressures, construction firm Mahercorp has decided to enter voluntary administration. Mahercorp, the parent company of Eight Homes and Urbanedge Homes, will halt the construction of approximately 730 homes while working with administrators. The development follows the collapse of Porter Davis, which left uninsured customers stranded. In a statement…

Builder Eight Homes in voluntary administration, blames rising costs – The Australian Financial Review

Apr 21, 2023 5.14pm The parent company of Melbourne builders Eight Homes and Urbanedge Homes has entered voluntary administration, telling its customers all builders are facing unprecedented challenges because of the rising cost of materials and labour. Steve Maher, CEO of Mahercorp said the company entered voluntary administration on Friday afternoon in an email to…