Yet another Australian building company has collapsed reportedly owing millions in unfinished projects and unpaid tradies and suppliers.
Based out of Hawthorn, East of Melbourne‘s CBD, kitchen and bathroom renovation company Ultimate Kitchens & Bathrooms was placed into liquidation on October 31.
Consumer Affairs Victoria had issued a public warning about the business the day after their collapse after receiving an ‘influx of concerning contacts relating to the company’s operations’.
The watchdog claims the company had received payments and taken on jobs but failed to ‘fulfil consumer contracts… (or) respond to customers’.
It is just the latest of hundreds of building companies that have collapsed throughout 2023.
Nicole Rich, Director of Consumer Affairs Victoria, said she issued the warning in the public’s interest ‘given the number and serious nature of issues raised’.
Ms Rich urged customers to ‘be cautious’ when dealing with the company.
The Herald Sun reports the company has taken as much as $2.5million from customers over as many as 100 projects that have neither been started nor finished.
The company, owned by Jeffrey Richards, is believed to also owe tradies and suppliers about $2million according to the publication.
Director of PCI Partners, Stephen John Michell, has been appointed as the company’s liquidator.
More to come.