Another building company with customers in Melbourne’s north-west has gone into voluntary administration, pausing most construction for about six weeks.
Langdon Building announced on January 29, that it would enter voluntary administration to restructure its business and financial position, but assured customers it had not collapsed.
In a letter to customers, managing director Shane Langdon pointed to COVID impacts, inflation and labour shortages which he said had created the “perfect storm”.
“In more than 30 years in the building industry, I have never experienced the extreme economic challenges builders have faced in the last two years,” he said.
“It’s the perfect storm of materials and labour shortages, bad weather, supply chain disruptions, COVID impacts, interest rate increases, [and] rising insurance costs.
“Let me assure you: Langdon Building is not in liquidation. We have not collapsed.”
Langdon Building operates throughout metro and regional north-west, including Sunbury, Donnybrook, Mambourin and Lara.
In a media statement, the company said builders across Australia continue to face extremely challenging conditions and Langdon Building is not immune.
“Construction will primarily be on pause for the duration of the voluntary administration (approximately six weeks),” the statement said.
“Langdon Building has every intention of getting back on-site and finishing customers’ homes with confidence and return to pre-pandemic strength.”
Voluntary administrator Cor Cordis has been appointed and can be contacted at langdon@corcordis.com.au and 03 8320 5695.
Zoe Moffatt
