A gold coast construction company has hit the wall amid questions over whether it held a proper licence to build.
Qld Cedar Constructions, which has been operating in the Gold Coast since 2017 and specilaised in both commercial and domestic building projects, went into voluntary administration on April 28.
It is the latest in a long list of construction firms that have collapsed as the industry struggles against soaring prices for materials, rising inflation and labour costs.
QLD Cedar Constructions went into voluntary administration on April 28
QLD Cedar, which specialised in both commercial and domestic building projects is, is the latest in a string of construction companies to enter insolvency over the past year as the construction industry battles dire conditions
The company’s director, Sung Hoon Lee, was banned from the industry for three years from 2015 after one of his previous companies, S & S Tiles, went into liquidation, according to the Gold Coast Bulletin.
Qld Cedar had held a building licence in the past, however it was suspended in January 2020 for having no nominee and cancelled three months after that.
Daily Mail Australia has approached QLD Cedar Constructions for comment.
