Expert Assistance for Construction Company Liquidation

Construction Liquidation - Your Trusted Partner in Navigating
Company Liquidation in the Construction Industry.

Fixed-price contracts
signed months ago
are squeezing builders
out of business.

We can help you to
assess your options.

You just need to let us know if you are:

A business owner

A contractor/sub-contractor

Business owners:

Have you gone into debt trying to keep your company afloat?
Is the surging costs of building materials causing you financial stress? Do you have suppliers hassling you to pay up?
Are you struggling to find staff and skilled labour to complete your jobs?
Have you stopped paying your tax obligations like staff superannuation to try and keep positive cashflow?

Contractors/Sub-contractors:

Are you still owed money for work you have done?
Do you rely on the construction industry for work – are you a plumber, carpenter, electrician, cabinet maker, kitchen-fitter, architect etc?
Are you worried because big companies like Probuild are going under?

We understand that the construction industry is going through tough times.

In Australia, we have been experiencing a crisis, fuelled by:

Covid-19 & Russia-Ukraine conflict causing supply chain disruptions
Skyrocketing costs of materials and logistics
Unique payment structures such as 30 day terms causing cash-flow issues
Skilled labour shortages
Extreme weather events, including La Nina and east coast flooding

If you are a business owner you need to be aware that you must take action to protect yourself and your company before it is too late.

If you haven’t met your tax obligations, the Australian Taxation Office (ATO) and your employees can take legal action against you, such as issuing a Director’s Penalty Notice or serving you with a winding up notice.

The graph below shows a very common cycle in the construction industry where business owners use withheld ATO obligations to fund their jobs for cash flow purposes.

The construction funding cycle

Client >

Head contractor >

Subcontractor invoices head contractor for stage payments (often in advance
of work done)

Sub contractor >

Utilise withheld ATO obligations as a funding line whilst awaiting payment from head contractor

ATO

ATO will take action against the subcontractor if obligations continue to accrue and are not paid

HOW TO CLOSE YOUR COMPANY (COMPANY LIQUIDATION)

If your company can’t pay its debts, one of your best options is a Voluntary Administration (if it is still trading) or Company Liquidation (if it has ceased to trade). This is a good option to:

End the stress and anxiety from constant phone calls from suppliers and creditors
Protect the director/business owner from Insolvent Trading (which is illegal and has serious consequences)
Unique payment structures such as 30 day terms causing cash-flow issues
Protect the director/business owner from Personal Liability for unpaid tax liabilities or obligations

If you choose to close your company, the Registered Liquidator’s job is to contact the creditors and tell them that your company has been placed into liquidation. From here onwards, the Liquidator will deal with the creditors – not you.

CLOSE YOUR COMPANY TODAY

Construction Liquidation can liquidate your company for you.