About a quarter of projects that were at various stages of construction at the time 50-year-old building company Project Coordination (Australia) Pty Ltd went into voluntary administration have taken steps to restart operations.
The status of the company’s current building projects was among a range of updates Company Administrator RSM Australia Partner Jonathon Colbran shared at the first meeting of creditors today (2 April 2024).
More than 70 creditors — predominantly comprised of sub-contractors and suppliers — who believe they are owed money by the ACT and NSW-based company attended the meeting online or in-person in Canberra.
“By their very nature these meetings are tough for everyone involved,” Mr Colbran said.
“No…
