A second South Australian construction company has collapsed in the space of a month as the industry faces increasing supply chain issues and labour shortages.
Builder Wake Concepts, which was involved in the construction of the One Festival Tower in Adelaide’s CBD, went into liquidation today, as confirmed by documents on the Australian Securities Investments Commission.
Wake Concepts employs around 100 staff.
Anthony Phillips from insolvency firm Heard Phillips Lieberenz was appointed as liquidator.
Phillips has been appointed liquidator for three of Wake Construction’s arms including Wake Concepts, Wake Carpentry and Wake Const…
Read the full article at: https://www.9news.com.au/national/wake-construction-group-concepts-carpentry-liquidation-builder-south-australia/01b017db-1097-424e-872f-d59d445621ec