Liquidators are working to realise the assets of collapsed building company Queensland One Homes in the hope of recouping millions for creditors of the business, as insolvency experts say the east coast of Australia and the construction sector are areas to watch for company collapses.
Queensland-based home builder Queensland One Homes Pty Ltd entered liquidation on July 6, leaving 35 building sites unfinished at the time of liquidation, and the Gold Coast Bulletin reports the Queensland Business and Construction Commission has now suspended the building licence of Queensland One Homes.
The Commission has also confirmed to the newspaper it is investigating another related business, Empire Constructions Pty Ltd, for alleg…
Read the full article at: https://www.smartcompany.com.au/finance/queensland-building-company-liquidation-owing-3-5-million-insolvency-experts-warn-pain-come-construction/