A Queensland builder with offices across Australia and overseas has become the latest casualty in the struggling construction sector after it collapsed earlier this week.
On Monday, Brisbane-based builder Lanskey Constructions QLD Pty Ltd went into liquidation.
The firm had head quarters in Brisbane, Sydney, Melbourne, Perth and even Auckland.
Only the Queensland branch has been impacted by the company’s collapse while the others are still operating as per normal.
Ben Campbell and John Park, of FTI Consulting, were appointed to wind up the company.
As liquidators were only appointed 24 hours ago, they were not able to comment on the amount the company owed, how many creditors there were or how many projects had been placed in jeopardy.
They could confirm, however, that there were currently no staff employed in the now defunct company.
An FTI Consulting spokesperson told news.com.au: “The appointment does not impact other entities in the Lanskey Constructions Group.
“The Liquidators will seek to manage the affairs of the Company in a manner which maximises the outcome for its creditors. There are currently no staff directly employed by the Company.
“Creditors of Lanskey Constructions QLD Pty Ltd will be updated in due course.”
Lanskey Constructions was founded in 1986 by the eponymous Paul Lanskey and also another man called Ross Williams.
The company claims it has a $200 million turnover across all its offices. Projects ranged from $100,000 to costing more than $100 million for their clients, according to their website.
However, according to the most recent filing with ASIC, the whole Lanskey Constructions company made a loss of $218,000, with a revenue of $139.7 million in the year up until June 2021.
The company works on commercial builds such as retail fit-outs and also schools, service stations, warehouses and food processing plants. Some of the firm’s clients included Woolworths, Coles, Starbucks and Myer.
Projects for the Queensland division have ranged all over the state including in Southport and all the way in Cairns.
News.com.au has contacted Mr Lanskey and Lanskey Constructions for comment but they did not immediately respond.
A spate of construction companies have collapsed this year with more than a dozen failing caused by a perfect storm of supply chain disruptions, skilled labour shortages, skyrocketing costs of materials and logistics, and extreme weather events.
In August, major Queensland residential builder Oracle Platinum Homes went into liquidation owing $14 million and impacting 300 homes, 200 suppliers and subcontractors and 70 staff members who were made jobless.
Another Queensland builder, Besse Construction, collapsed the same month owing $1.7 million.
Industry giant Gold Coast-based Condev also went into liquidation earlier this year.
In July, Snowdon Developments was ordered into liquidation by the Victorian Supreme Court with 52 staff members, 550 homes and more than 250 creditors owed just under $18 million.
Others joined the list too including Inside Out Construction, Solido Builders, Waterford Homes, Affordable Modular Homes, Statement Builders and Langford Jones Homes.
Then there was NSW building company Willoughby Homes, which went into voluntary administration, leaving at least 30 homes in limbo.
Also shuttered was Norris Construction Group, which was in Geelong, collapsing in March with $27 million in debt. It owes $3.2 million to around 140 staff that it is unlikely to be able to repay, according to the liquidator’s report.
Plus there was Melbourne-based company Blint Builders that collapsed with approximately $1 million in outstanding debt owed to 50 creditors, according to the liquidators.
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