GOLD COAST BUILDING INDUSTRY SET FOR 'MAJOR SHAKEUP', INSOLVENCY FIRM SAYS
Written on the 22 August 2017 by Janelle Alawabdeh
MORE than 84 Gold Coast construction businesses are at high risk of insolvency with more than 3.7 per cent of the total industry facing financial failure within 12 months, according to new data by a specialist accounting firm.
Last month, two Gold Coast-based companies collapsed leaving at least 133 tradies and staff more than $3.4 million out of pocket. Queensland One Homes and Empire Constructions went under, leaving 35 home buyers in limbo.
Author: Janelle Alawabdeh Connect via: Twitter