Another Aussie builder has fallen victim to the construction crisis seizing the country.
Zadro Constructions had to lay off all seven of its staff as it went into voluntary administration last month.
The company’s website was no longer operational on Monday, and the LinkedIn profile of an individual listed as a director of the company appeared to have been deleted.Zadro Constructions is unlikely to resume trading in future, a spokesman for Grant Thornton Australia told 7News. “While discussions regarding the future of the projects are continuing, it appears unlikely that the business will recommence trading and all staff have been formally terminated.”
The Zadro Constructions news is the latest hit for the embattled industry. Picture: NCA NewsWire / Max Mason-HubersAt least 660 construction companies have gone bust in the first three months of the 2023-2024 financial year, according to data from the Australian Securities and Investments Commission.
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