Three construction firms in the one state have gone to the wall owing more than $100 million as the industry continues to face tough times.
Three companies in Queensland this week were reported by News Corp to have collapsed leaving thousands of creditors out of pocket with some workers also owed monies.
All Roads Pty Ltd owes $24 million while its sister company Allroads Plant Pty Ltd owes $59 million, making the total $83 million.
Headquartered in Larrapinta in outer Brisbane, the construction group specialised in civil construction and had 12 multi-million dollar jobs underway when it collapsed.
These included the $50 million project for the Australian Defence Force base in Central Queensland, a $35 million project for RAAF barracks in Townsville, and a $92 million contract for the metro depot in Brisbane’s CBD.
The third major construction firm was Mainscarf, trading as Hansen Constructions NQ, which fell into administration in January with liquidators appointed on 15 April. A recent report to creditors showed the company has been in trouble since 2022 citing poor operational management and cost control and delays in construction due to poor weather etc.
The company was still operating in January 2024 with about 70 workers which fell to 40 by the time it ceased trading. Some workers were owed superannuation back to 2017.
It had major projects across North Queensland including the Townsville Golf Course and Elliott Springs Residential Estate.
Hansen owes creditors up to $21 million. Image via news.com.au
About the author
Desi Corbett
Desi is the Editor of Concrete in Australia and at the helm of our magazine for 8 years. She was behind the Institute's weekly news bulletins from 2016-2021 and is now writing our focused news items. Desi has been an engineering news and features journalist/editor across all disciplines since 2013 - part of a 30-year career writing for a wide range of industries.