Perth construction company Builton Group has become the latest casualty of Perths building downturn, appointing administrators today.
The appointment of Cor Cordis Dino Travaglini and Jeremy Nipps as external administrators was flagged by the Building Commission late on Friday.
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 liquidati…
Read the full article at: https://thewest.com.au/business/commercial-property/construction-company-builton-goes-under-ng-b88363808z