Another construction company has gone bankrupt, leaving dozens of homeowners with unfinished properties and an uncertain future.
Perth-based builder Start Right Homes appointed Anthony Warner of CRS Insolvency Services as company liquidator on Sunday.
According to Western Australia’s Department of Construction and Energy, the Osborne Park company went bankrupt with as many as 24 uncompleted projects.
The builder had described itself as ‘Perth’s specialists in architectural style’ and ‘your one-stop shop for innovation, custom design and excellence’.
Start Right Homes mainly built modern family homes and also offered customization, according to the LinkedIn page.
The company’s website is no longer active.
Start Right Homes on Sunday appointed Anthony Warner of CRS Insolvency Services as receiver of the Osborne Park business
Daily Mail Australia has contacted CRS Insolvency Services and Start Right Homes.
More than 2,000 construction companies across Australia have gone bankrupt in the 2022-2023 financial year due to labor shortages and resulting high subcontractor prices, plus rising material costs in a high-inflation economy.
The carnage in the sector had continued unabated this financial year.
In March, a construction company, part of the major Australian construction giant Cavalier Homes, went bankrupt with debts of at least $680,000.
Victorian builder Station 293 Pty Ltd traded as construction company Cavalier Homes Geelong and Nathan Downing Builders.
A spokesperson for Cavalier Homes told Daily Mail Australia the company had been in trouble for some time due to rising costs.
“As a result of recent widespread cost escalations in the construction industry, Nathan’s company has unfortunately been forced to enter voluntary liquidation,” the spokesperson said.
“Despite our best efforts to assist Nathan’s two customers and affected trading partners, we deeply sympathize with all affected parties.”
According to Western Australia’s Department of Construction and Energy, Start Right Homes collapsed and up to 24 projects were left uncompleted.
Trustee Clifford Sanderson has now been approached by more than forty creditors.
The collapse of Station 293 Pty Ltd came after construction company Main Facilities Pty Ltd went into administration a week earlier.
The company’s employees were informed via Zoom that they had all been fired after the company declared bankruptcy and owed $7 million to creditors.
As many as 2,349 construction companies collapsed in Australia last year, as the sector continues to struggle through a period of high inflation.