QBE Insurance Group has recorded one win and one loss this month as it battles in the Supreme Court for the financial scraps left after the collapse of Perth companies Capital Works Constructions and Diploma Group.
UPDATED: Residential construction outfit Builton Group is closing its doors, after staff were told not to come to work on Monday, while an announcement that the company has been placed into administration expected later today or over the weekend.
Building Commission head Peter Gow has called for more checks and balances in Western Australia's housing construction sector to ensure there is no repeat of the collapse of Capital Works Constructions.
Administrators at Deloitte say collapsed builder Capital Works Constructions may have been trading insolvent from at least June 30 last year, while it had not been paying trades and suppliers on ti
Builders have been invited to bid for the upcoming and current work of collapsed home builder Capital Works Constructions, in the wake of the company calling in administrators last week.
