Two major building companies collapse just hours apart
The collapse of two large building companies, Porter Davis Homes Group and Lloyd Group, has left thousands of projects, clients and subcontractors in limbo and sent more shockwaves through an embattled industry.
Canterbury South Public School in Sydney was one of many Lloyd Group public projects. (Image source: Lloyd Group)
A building company projected to generate more than half a billion dollars in revenue this financial year has folded, while another builder specialising in public infrastructure hit the wall hours later.
The collapse of Porter Davis Homes Group, rated the 13th biggest builder in Australia, will cost 370 employees their jobs and puts in jeopardy 1,700 projects across multiple states.
The latest casualty of the contagion sweeping through the natio…
