A construction company which worked on major NSW government projects has gone into voluntary administration with all its staff laid off.
Western sydney-based company Zadro Constructions went under last month with Grant Thornton Australia appointed as administrator on September 15.
All seven staff have been made redundant as a result.
A record 2213 building companies collapsed in the 2022-23 financial year, a 72 per cent increase on the previous 12 months.
Fixed price contracts, an escalation in construction and material costs, supply chain issues and shortages of tradies have been blamed for the huge number of builders to go under in recent times.
Zadro, which had operated since 1962, recently finished 14 school infrastructure projects in Sydney‘s west and north and restored several churches including St. Anthonys at Clovelly and St. Patrick’s at Kogarah.
Zadro Constructions worked on projects as diverse as NSW Government infrastructure projects and church refurbishments. Pictured: file image of builders…
