Another major building company has announced it has gone into administration.
NSW-based Elderton Homes informed customers on Monday afternoon the business had faced ongoing struggles, citing natural disasters and the nations economic conditions following the pandemic.
Today Elderton Homes has made the difficult decision to appoint Administrators to manage its ongoing affairs, the designer home company said in a statement on Monday.
This has been a difficult decision and a result of several factors, not limited to but including bushfires, floods, a global health pandemic and economic conditions. The impact of these events continue today.
Furthermore, the Construction Industry has also been subject to record levels of rainfall, substant…
Read the full article at: https://www.news.com.au/finance/business/other-industries/designer-home-builder-elderton-homes-goes-into-administration/news-story/a580950cca1b3565ba556f125004a336