Another Australian construction company has collapsed, reportedly due to millions of dollars in unfinished projects and unpaid contracts and suppliers.
Based in Hawthorn, east of Melbourne’s CBD, kitchen and bathroom renovation company Ultimate Kitchens & Bathrooms went into liquidation on 31 October.
Consumer Affairs Victoria had issued a public warning about the company the day after its collapse, after receiving an “influx of concerning contacts relating to the company’s operations”.
The watchdog says the company received payments and accepted jobs, but failed to “comply with consumer contracts… (or) respond to customers.”
It’s just the latest of hundreds of construction companies that have collapsed throughout 2023.
Another Australian construction company, Ultimate Kitchens & Bathrooms, has collapsed, leaving behind half-finished projects and unpaid contracts (stock image)
Nicole Rich, Victoria’s chief consumer officer, said she issued the warning in the public interest “given the number and seriousness of the issues raised”.
Ms Rich urged customers to “be careful” when dealing with the company.
The Herald Sun reports the company took up to $2.5 million from clients on around 100 projects that were neither started nor completed.
The company, owned by Jeffrey Richards, also owes merchants and suppliers about $2 million, according to the publication.
PCI Partners director Stephen John Michell has been appointed liquidator of the company.
More soon.
