- The Sydney-based company saw a new liquidator appointed last week
- Most of the debt stems form a court order
- It is believed no debt is owed to the ATO
Another small residential builder is the latest to join the conga line of collapsed construction companies in Australia.
Grover Constructions, based in Sydney, went into voluntary liquidation in September but saw a new liquidator appointed last week, at the request of the largest creditor of the firm.
Bradd Morelli of Jirsch Sutherland is the new appointee.
Reportedly, the company has debts of at least $647,000.
$400,000 of this debt comes from a court order, with an employee claiming around $5,000 in unpaid super and $1,200 from a law firm. However, the largest creditor claims the $400,000 debt is closer to $1 million. This has stemmed from a legal case that has been occurring for several years.
The director of Grover Constructions is owed circa $125,000 from unpaid employee entitlements.
It is believed no debts are owed to the tax office.
The collapse follows the administration of FIRM Constructions last week as labour and material shortages continue to bite.
Other building firms that have collapsed in recent times include Tozer Construction Group, Blint Builders, Lanskey Constructions QLD and Besse Construction.
