Original article by Chris Herde
The Australian – Page: 17 : 23-Jul-24

About 400 licensed building companies were declared insolvent in each of the 2018 and 2019 calendar years. Data from Alares shows that there were a similar number of insolvencies during the first half of 2024, and the firm’s suggestions suggest that the full-year total will be around 700. Alares director Patrick Schweizer emphasises that its data excludes unlicensed building companies, which comprise the bulk of the construction sector.

CORPORATES
ALARES SYSTEMS PTY LTD