Another two pillars of WA’s building industry have fallen in quick succession while the downfall of a third is now all but complete.
Osborne Park-based Simsai Construction Group was placed under the control of administrators Thomas Birch and Jeremy Nipps on Wednesday.
The handover of control comes just weeks after it emerged the Australian Taxation Office had issued the firm with a wind-up order.
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Winding up orders force companies to cease trading, so their assets can be sold to pay creditors.
It was initially expected the company would fight for its survival, but now its future appears rubber-stamped.
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Simsai had traded as First Home Buyers Direct, Multi Develop 360 and Express Homes and it is understood up to 100 property owners could be impacted by the latest blow to the country’s construction sector.
Meanwhile, a notice published by the Australian Securities and Investments Commission has signalled the demise of family-owned business Watersfield after 16 years.
The company, which trades as Major Residential Construction and Development, was placed into liquidation this week.
The process is being handled by insolvency outfit BRI Ferrier.
Also being wound up is a WA franchise attached to a national builder.
An ASIC notice said RPH Australia, which trades as GJ Gardner Homes Perth West, was being brought to a close and liquidators at McGrathNicol had been appointed.
Eighteen building projects will be impacted but a spokesperson for the builder told The West the company would support customers through the insurance process to ensure they can finish their projects.
More than 2200 Australian construction companies met their end in 2022-23, with one expert saying the industry was battling its worst crisis in decades.
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