**Another Perth builder goes bust!**
Subiaco based builder “ARCHIAPPS Pty Ltd” has become insolvent.
Richard Albarran & Cameron Shaw are the appointed liquidator(s).
ARCHIAPPS specialised in luxury houses and apartments, appealing to developers with some projects consisting of more than 50 1,2&3 bedroomed units.
ARCHIAPPS Pty Ltd is also the official sponsor of Bihar Jharkhand Sabha – a social and cultural association.
“The Building Commissioner received information giving rise to concerns about the builders’ capacity to pay their debts as and when they fall due.
“The fact that the number of court actions against Archiapps have been increasing steadily over the last two months is one indicator that the companies may be under serious financial stress,” Mr Bowron said.
“All registered building contractors are required to notify the Building Services Board if they are no longer able to meet their financial obligations under the Building Services (Registration) Act 2011.” Department of Commerce
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