Distressed Assets Media Centre
10 March 2010
Contractors, families 'reeling' after builder's collapse
Source: abc.net.au
The liquidation of a building company in Alice Springs is sending subcontractors and their families to the wall, a contractor registration company said.
The company Carey Builders, owned by Randal Carey, is now in the hands of liquidators.
Dozens of Alice Springs businesses have been left with unpaid bills and several people with unfinished homes.
Stephen Ward from Contractor Accreditation Limited said he informed the Building Practitioners Board in 2008 about concerns regarding Mr Carey's business practices.
He said the company collapse has left many Alice Springs businesses reeling.
"There are a number of subcontractors and their families that are really struggling at the moment and are in danger of going to the wall," Mr Ward said.
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