Business Failure Woes Costings


Administrators have confirmed the devastating losses in the wake of a failed Canberra builder.

An A.C.T. demolition company was left out of pocket more than $800,000 when Canberra based family company PROJECT CO-ORDINATION entered voluntary administration earlier this year.

In a report to the Australian Securities and Investments Commission, Administrators outlined the company owed millions of dollars in debts…

The family-run building firm had been operating in the A.C.T. and New South Wales for nearly 50 years.

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