Yet ANOTHER Aussie home building company goes into administration but says it has ‘not collapsed’ as the construction industry faces dire conditions Mahercorp enters voluntary administration CEO said he was restructuring the business Construction has been paused by creditors By Bridie Pearson-jones For Daily Mail Australia Published: 17:01 AEST, 21 April 2023 | Updated: 21:19 AEST,…
Work on more than 700 Victoria homes has been halted after another construction company went into administration in another blow to the states struggling building industry. Mahercorp announced late Friday it had entered voluntary administration and building works would cease for more than a month while administrators consider restructuring the business. The announcement came just…
As a result of the escalating cost pressures, construction firm Mahercorp has decided to enter voluntary administration. Mahercorp, the parent company of Eight Homes and Urbanedge Homes, will halt the construction of approximately 730 homes while working with administrators. The development follows the collapse of Porter Davis, which left uninsured customers stranded. In a statement…
Apr 21, 2023 5.14pm The parent company of Melbourne builders Eight Homes and Urbanedge Homes has entered voluntary administration, telling its customers all builders are facing unprecedented challenges because of the rising cost of materials and labour. Steve Maher, CEO of Mahercorp said the company entered voluntary administration on Friday afternoon in an email to…
Construction firm Mahercorp has entered voluntary administration, adding to a growing tally of homebuilders facing financial difficulties amid rising cost pressures. Key points: The parent company for two homebuilders has told clients the move is due to rising costs Construction on about 730 homes will be paused for at least five weeks Mahercorp’s chief executive says the company…
Another building company has entered administration. Tom Elliott received word of the news on Friday afternoon. Press PLAY below to hear Tom Elliott explain more Mahercorp, the parent company of Eight Homes and Urbanedge Homes, informed its customers on Friday it would be entering voluntary administration. It comes after the recent collapse of Porter Davis.…
Another building company has entered administration. Tom Elliott received word of the news on Friday afternoon. Press PLAY below to hear Tom Elliott explain more Mahercorp, the parent company of Eight Homes and Urbanedge Homes, informed its customers on Friday it would be entering voluntary administration. It comes after the recent collapse of Porter Davis.…
Mahercorp, which is the parent company of Eight Homes and Urbanedge Homes, has today sent a letter to its customers to announce it is entering voluntary administration. But director and chief executive Steve Maher insisted the company is not in liquidation. “I want to emphasise that Mahercorp has not collapsed and is not in liquidation.…
Cardinia Shire Council has recently been informed of the voluntary administration of the Deep Creek Golf Club Incorporated. The club is situated at Deep Creek Reserve Cameron Way, Pakenham. Deep Creek Golf Club has ceased trading and the golf course will remain closed until further notice. Signs have been put in place on site today…
Supplied Almost all the equipment from A H Construction was sold at the Ritchie Bros auction. A large construction firm that recently had 350 vehicles and pieces of equipment sold-off in a single auction had failed to pay GST and income for six years, the companys administrator says. Bryan Williams of BWA Insolvency took control…