- The QLD branch went into administration on Monday
- The other branches are continuing to operate as normal
- The company made a loss of $218,000, with revenue of $139.7 million in the year up to June 2021
A Queensland builder with a presence across Australia and overseas has become the latest casualty of the construction sector crisis.
Brisbane-based builder Lanskey Constructions QLD Pty Ltd officially went into liquidation on Monday.
With headquarters in Brisbane, Sydney, Melbourne, Perth and Auckland, it appears only the Queensland branch has been impacted by the collapse of the company, with the others operating as normal.
FTI Consulting’s Ben Campbell and John have been appointed as administrators.
“The appointment does not impact other entities in the Lanskey Constructions Group,” the liquidators said in a statement.
“The liquidators will seek to manage the affairs of the company in a manner which maximises the outcome for its creditors.”
It is not known yet how much the company owed, how many creditors or how many project are in jeopardy.
Founded in 1986 by Paul Lanskey and Ross Williams, the company offers a range of projects from $100,000 to $100 million and had boasted of a $200 million across all divisions.
The most recent filing with ASIC, however, showed the whole company made a loss of $218,000, with revenue of $139.7 million in the year up to June 2021.
Many Queensland builders have gone under this year, including Besse Construction, Condev and Snowdon.
The news comes as inflation data shows the cost of new home builds has gone up more than 20% over the past year.
