Construction companies continue to collapse by the thousands
Australian construction companies continue to fall like dominoes, with the trend only worsening.
The building industry continues to experience a plague of insolvencies. (Image source: Shutterstock.com)
The number of Australian construction companies hitting the wall continues to soar, with almost 1,400 businesses collapsing in the second half of 2023.
The news emerged just days before Victorian builder Montego Homes went into voluntary administration and jeopardised the home building of 90 clients and careers of 11 staff, it was revealed Wednesday (17 January).
The latest numbers released this week by the corporate regulator, Australian Secur…
