Corporate insolvencies reaching record highs: a look under the hood – Bank Underground

Jelle Barkema How concerned should policymakers be as UK business insolvencies have soared to 60-year highs? This phenomenon has been extensively covered in the media; with media outlets attributing the record-breaking numbers to a perfect storm of energy prices, supply-chain disruptions and the cost of living squeeze. Insolvencies are a popular measure of economic distress…

Home builder Porter Davis collapses affecting 1,700 homes, LLoyd Group enters voluntary administration – ABC News

Victorian-based home builder Porter Davis is going into liquidation, while a second construction firm has entered voluntary administration.  Key points: Porter Davis’ liquidators are looking for builders to take over customer contracts Dozens of public building projects are at risk in New South Wales and Victoria  More than 600 employees across both companies have been…

Lloyd Group collapses following Porter Davis Homes going into liquidation as construction struggles – Daily Mail

Second building giant collapses in 24 hours leaving dozens of homes half-finished, 200 workers out of a job – and shattering the dreams of homeowners across the country Lloyd Group placed into voluntary administration on Friday Construction giant, Porter Davis Homes, buckled the same day By Aidan Wondracz and Freddy Pawle For Daily Mail Australia Published:…

School builder Lloyd Group slumps into administration, dozens of projects affected – Sydney Morning Herald

Normal text sizeLarger text sizeVery large text size A large construction firm specialising in building schools and other government infrastructure is in administration, the second firm within 24 hours to collapse as mounting pressures in Australias building industry reach a crisis point. Civil design and building firm Lloyd Group, which has 59 projects under way…

Creditors vote in favour of winding up furniture brand Brosa – Business News Australia

Creditors haveoverwhelmingly voted to wind up collapsed furniture retailer Brosa one month after the company fell into voluntary administration and sold off assets to Kogan (ASX: KGN) for $1.5 million. The decision to place the company into liquidation was recommended by KordaMentha administrators Richard Tucker and Michael Korda, who noted Brosa did not receive a…

Delco Building Group collapses: Victorian construction company in liquidation after six years – Daily Mail

Award-winning building company collapses after just six years in business – with huge building projects scrapped and tradies owed thousands Delco Building Group has gone into liquidation The company owes thousands to ATO and contractors It follows a string of construction company collapses By Sarah Liversidge For Daily Mail Australia Published: 14:45 AEDT, 2 February…