Ultimate Kitchens & Bathrooms collapses owing $4.6 million; CreditorWatch says more insolvencies to come

Australia’s toll of failed construction industry businesses will climb further, data company CreditorWatch warned on Wednesday after a high-end home renovations business went into liquidation leaving 95 customers stranded, some without insurance policies the director was required to arrange before accepting money. Ultimate Kitchens & Bathrooms went into liquidation owing unsecured creditors more than $4.6…

Collier Homes in liquidation after 60 years in business

One of Western Australia’s biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years. The Australian Securities and Investment Commission confirmed the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators. Collier Homes was created in 1959 by Raymond…

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