Builton fails, administrator appointed – Business News

One of states biggest residential construction firms, Builton, has succumbed to the financial stresses engulfing the sector, appointing external administrators earlier today after reports of the companys financial troubles emerged last week. Cor Cordis partners Dino Travaglini and Jeremy Nipps were named as administrators to Builton‘s parent Builtoncorp Pty Ltd, as well as four other…

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Homeowners, staff, creditors caught up in Builton collapse – The West Australian

Homeowners, creditors and staff could be left out of pocket after building company Builton Group collapsed owing about $16 million and leaving about 110 residential projects unfinished. Administrators from Cor Cordis, Dino Travaglini and Jeremy Nipps, delivered the distressing news to the media this morning, saying it was clear that Builton and its subsidiaries Platinum…

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BuiltonCorp: WA homeowners hit as builder placed into voluntary administration – ABC Online

Related Story: Slump leaves WA in last place in economic rankings Work has stopped on about 110 residential home building sites as Perth builder BuiltonCorp is placed into voluntary administration. Administrators Con Cordis have announced the company owes about $16 million to 350 unsecured creditors, mostly subcontractors. They also said 38…

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