Reuters. FILE PHOTO: People walk across London Bridge during the morning rush hour, with London’s financial district in the background, in London, Britain, April 13, 2023. REUTERS/Henry Nicholls LONDON (Reuters) – More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official…
Construction on more than 700 homes has been put on hold in Victoria as another construction firm enters voluntary administration. Mahercorp, the parent company of builders Eight Homes and Urbanedge Homes, has informed clients that construction will be suspended for more than a month as administrators work to restructure the business. This development follows the…
For months, Anthony Morgan and his partner Hayley Thornley have driven their five young children past the block where their new family home is being built. Their kids, aged between two and 11 and who all have disabilities, were excited as the concrete foundations were laid at the block in Lara, outside Geelong, and when…
Construction on more than 700 homes has been put on hold in Victoria as another construction firm enters voluntary administration. Mahercorp, the parent company of builders Eight Homes and Urbanedge Homes, has informed clients that construction will be suspended for more than a month as administrators work to restructure the business. This development follows the…
Yet ANOTHER Aussie home building company goes into administration but says it has ‘not collapsed’ as the construction industry faces dire conditions Mahercorp enters voluntary administration CEO said he was restructuring the business Construction has been paused by creditors By Bridie Pearson-jones For Daily Mail Australia Published: 17:01 AEST, 21 April 2023 | Updated: 21:19 AEST,…
Work on more than 700 Victoria homes has been halted after another construction company went into administration in another blow to the states struggling building industry. Mahercorp announced late Friday it had entered voluntary administration and building works would cease for more than a month while administrators consider restructuring the business. The announcement came just…
As a result of the escalating cost pressures, construction firm Mahercorp has decided to enter voluntary administration. Mahercorp, the parent company of Eight Homes and Urbanedge Homes, will halt the construction of approximately 730 homes while working with administrators. The development follows the collapse of Porter Davis, which left uninsured customers stranded. In a statement…
Construction firm Mahercorp has entered voluntary administration, adding to a growing tally of homebuilders facing financial difficulties amid rising cost pressures. Key points: The parent company for two homebuilders has told clients the move is due to rising costs Construction on about 730 homes will be paused for at least five weeks Mahercorp’s chief executive says the company…
Another building company has entered administration. Tom Elliott received word of the news on Friday afternoon. Press PLAY below to hear Tom Elliott explain more Mahercorp, the parent company of Eight Homes and Urbanedge Homes, informed its customers on Friday it would be entering voluntary administration. It comes after the recent collapse of Porter Davis.…
Apr 21, 2023 5.14pm The parent company of Melbourne builders Eight Homes and Urbanedge Homes has entered voluntary administration, telling its customers all builders are facing unprecedented challenges because of the rising cost of materials and labour. Steve Maher, CEO of Mahercorp said the company entered voluntary administration on Friday afternoon in an email to…