Building company collapses owing $30m

Rork Projects Pty Ltd, Rork Projects Pty Ltd and Rork Projects Pty Ltd specialised in refurbishment for the past 26 years, with 63 current projects across NSW, the ACT, Victoria and Queensland.

However, the administrators warned that this figure was likely to be higher by the time they finish their assessment.“The administrators consider there may be additional unsecured debts not yet taken to account by the Rork Group at the appointment date,” the report noted. However, they don’t anticipate much of a return, as they expect a number of these claims “to be disputed and offset against damages and defect claims for incomplete works”.Staff are owed $2.25 million in employee entitlements, including $143,000 in unpaid super.Do you know more or have a similar story? Get in touch | alex.turner-cohen@news.com.

Mr O’Rourke previously said it was with a “heavy heart” he had made the “devastating” decision to put his business into administration.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Melbourne advertising technology company Trade Indy sells to Singapore’s Sqreem for $30mThe deal for 100 per cent of the shares in privately held Trade Indy closed last week, and all of its 28 full-time staff will move across to Singapore’s Sqreem.
Source: FinancialReview - 🏆 2. / 90 Read more »