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Half of Australia’s building companies are on the brink of collapse

Michael McLaren

Michael is joined by Russ Stephens, Co-founder of the Association of Professional Builders, to discuss reports that half of Australia’s building companies are on the brink of collapse

Mr Stephens says ‘this claim was supported by our team of 11 coaches and support staff who were in contact with 2,680 Australian residential home builders every 90 days, documenting their direct feedback.’

‘From the data we collected, we could see that more than 50% of building companies were starting to experience cash flow challenges and were unable to pay their bills as and when they became due and payable.’

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Michael McLaren
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