Work has halted on 21 building projects in Queensland and NSW after construction firm St Hilliers called in administrators over the weekend, a casualty of the flagging building sector where insolvencies last year hit an all-time high.
Administrators WLP Restructuring partners Glenn Livingstone and Alan Walker said they have secured sites and paused work on all of St Hilliers’ active construction sites while they do an urgent assessment of the business’s financial position and operations.
St Hilliers joint venture development at Thornton in PenrithCredit:
Gates were locked at some sites in Brisbane on Sunday after the voluntary administrators were appointed to seven construction businesses within the St Hilliers group.
The firm’s…
