A string of construction companies linked together have collapsed, months after the building regulator forced one of the businesses to stop work over safety concerns.
On Tuesday, four building and development companies from NSW went into liquidation – Adroit Constructions Pty Ltd, Maximus Builders Pty Ltd, Maxim Builders Pty Ltd and Maxus Builders Pty Ltd.
The companies appear connected, with all of them registered to an address in sydney’s Ryde, which is the same address of the sole director across all four businesses.
Bruce Gleeson of Jones Partners, a high profile insolvency expert who is currently overseeing the case of infamous sydney fraudster Melissa Caddick, has taken over as the liquidator of these four businesses.
Mr Gleeson told news.com.au that 25 projects have been left in jeopardy from the group of building companies going under.
“Across the four companies, there were approximately 25 contracts at various stages of completion,” Mr Gleeson said.
“We are currently in the process of communicating with the clients on this score and the impact of the companies being placed into voluntary liquidation.”
Mr Gleeson does not yet know the company’s assets and liabilities.
He added: “None of the companies were…
