A significant construction firm has entered voluntary administration with more than 650 positions now under threat. Kwikform, the Australian division of Waco International, ranks amongst the nation’s largest scaffolding and formwork suppliers.
Approximately 10 entities connected to Kwikform entered voluntary administration on Monday and Tuesday. The Sydney-headquartered group operated under the names Waco Kwikform, Star Scaffolds and United Scaffolding Group and maintains operations across 23 sites in Australia and New Zealand.
Announcing the move this week, management indicated they were compelled by broader market pressures.
Administrators from McGrathNicol have been engaged to oversee the proceedings, with the businesses continuing…