![]() ![]() Last week, Australia's biggest brick manufacturer closed a key plant, citing poor sales. 'Building costs are skyrocketing - materials and labour costs are at record levels and rising inflation is putting huge pressure on builders.' 'It's no secret that all builders are facing unprecedented challenges right now. Mr Maher said he wanted to work with an administrator to put the business on a 'more sustainable footing' to allow it to complete the homes it had started. 'I want to emphasise that Mahercorp has not collapsed and is not in liquidation,' he said in a statement emailed to customers this week. ![]() Up to 730 homes will be affected, however all of the properties are believed to be insured.ĭirector and CEO Steve Maher said the company was entering voluntary administration as it was the 'only option' after learning a major insurer would no longer support the business. Last week, Melbourne-based construction company Mahercorp told its customers it will enter voluntary administration. It comes as a deluge of Australian building firms have gone under in recent months. Mr Cotter said it was too early to say why the company had failed. William Cotter of Robson Cotter Insolvency Group has been appointed as liquidator. ![]()
0 Comments
Leave a Reply. |