Urban Trend Construction - Liquidation

Urban Trend Construction, a Queensland home builder renowned for its unique and innovative design which is inspired by the region’s climate, lifestyle and heritage, entered liquidation on 11 June. 

Frank O'Neill of SV Partners was appointed liquidator. 

Urban Trend’s website lists its fixed-price contracts as distinguishing it from other builders. Unfortunately, according to a former director, the company’s downfall can be attributed to cash flow issues which were exacerbated by fixed-price contracts, particularly for architecturally designed homes which suffered from surging material and labour costs.

The company’s creditors, owed approximately $1.5 million, include the ATO, Volkswagen Financial Services, and the former director.