SUBCONTRACTORS and new home clients are counting the costs after another Gold Coast builder collapsed this week.
Future Urban Residential, a Varsity Lakes-based business, went into liquidation late on Monday, leaving homes unfinished and subbies bills unpaid.
The Queensland Building and Construction Commission is investigating the collapse and has referred the case to Federal regulator ASIC.
Q1 HOMES LIQUIDATOR SUSPECTS “ILLEGAL PHOENIX ACTIVITIES”
Future Urban’s sole director, makeup saleswoman Kirsty Thew, was last night yet to lodge any documents showing the scale of the collapse, however the company was licensed to complete up to $12 million worth of work a year.
Kirsty and Andrew Thew.
The QBCC suspe…
Read the full article at: https://www.thechronicle.com.au/news/gold-coast-builder-future-urban-residential-collap/3348016/
