Lutum - Voluntary Administration

Lutum, a national manufacturer of roofing tiles, entered voluntary administration on 23 April.

The company, which employs about 150 people, has manufacturing operations in NSW, Victoria and South Australia. It was previously part of Boral, one of the largest construction materials manufacturers in Australia, before being sold in 2021.

Morgan Kelly, Martie Tziotis, Stewart McCallum and David Kennedy of EY were appointed administrators and said that the company had suffered due to record rainfall, labour shortages, industry pressures and increasing working capital conversion cycles. The business is continuing to operate while the administrators seek a purchaser.