Prominent builders collapse owing millions
Melbourne-based construction company Apex Homes Australia and New South Wales and Canberra builder Cubitt’s Granny Flats and Home Extensions have collapsed but a heavily indebted major construction company in Perth is trying to resurrect its operation.
Thirty years of business has come to an end for one highly regarded builder. (Image source: Cubitt's website)
Two prominent building companies in Victoria and New South Wales have hit the wall, while in Western Australia attempts are underway to resuscitate a construction company that owes more than $10 million.
Another company, Brisbane-based DC Living, went into administration last month but new reports reveal the company owes $4 million, half of which is to staff.
Melbourne-based construction company Apex Homes Australia has collapsed with more than…
