04/05/2018 - 13:22

Concerns over local builder's financial viability

04/05/2018 - 13:22

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The Building Commission has issued a warning to consumers about the financial status of registered building contractor ArchiApps, after receiving information prompting concerns over the company’s capacity to pay its debts.

Concerns over local builder's financial viability
The company’s Emerald Terrace development in West Perth is currently under construction. Photo: ArchiApps

The Building Commission has issued a warning to consumers about the financial status of registered building contractor ArchiApps, after receiving information prompting concerns over the company’s capacity to pay its debts.

In a statement released today, commissioner Ken Bowron raised concerns over the financial status of ArchiApps Pty Ltd and ArchiApps Development Pty Ltd.

“The fact that the number of court actions against ArchiApps have been increasing steadily over the last two months is one indicator that the companies may be under serious financial stress,” Mr Bowron said.

“All registered building contractors are required to notify the Building Services Board if they are no longer able to meet their financial obligations under the Building Services (Registration) Act 2011.”

ArchiApps did not respond to Business News' enquiries.

The Subiaco-based boutique builder operates within the Perth metro area, specialising in luxury houses and apartments, and also offers complementary feasibility reports on projects.

According to the ArchiApps website, the business's current pipeline of projects under construction includes: a 50-unit apartment development on Railway Parade in Beckenham; Code 23, a 33-dwelling development across four three-storey buildings also on Clapham Street in Beckenham; and Emerald Terrace, a 21-apartment tower in West Perth.

Past developments include shop fit-out works for restaurant Chimek in East Victoria Park and a range of medium-density projects across Belmont, Mount Lawley, Cloverdale and Kewdale.

ArchiApps director Scottie Feng has also been flagged by First International Debt Collection, which specialises in residential and commercial tenancy debt recovery, as well as general debt recovery.

Mr Feng is listed on First International's absconded debtors public warning list, and the firm is seeking assistance as to Mr Feng's whereabouts.  

The Department of Mines, Industry Regulation and Safety, Building and Energy Division understands that Mr Feng is currently exploring options to address the companies’ financial positions and is complying with his obligation to notify the board.

“Anyone dealing with the companies should be cautious and should only make payments or give credit when the companies confirm their financial positions,” Mr Bowron said.

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