Construction giant St Hilliers has called in administrators, halting work on more than 20 projects across Australia.
The group appointed Glenn Livingstone and Alan Walker of WLP Restructuring to take charge of its construction division yesterday after racking up $12 million in losses over the past two years.
In a statement, the administrators said they “have secured and paused all works across St Hilliers’ 21 active construction sites while they undertake an urgent assessment of the business’s financial position and operations”.
They added that during the assessment period, approximately 80 staff members will be retained while 22 have been made redundant.
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According to financial documents filed with the Australian Securities and Investments Commission (ASIC) the group reported revenue of $164 million in 2023, but made a loss of $8.9 million in the last financial year and a loss of $3.1 million the previous year.
Among the projects affected by the Sydney group’s administration are the Bernborough retirement village in the Brisbane suburb of Ascot and the Thornton Central development in Penrith, in Sydney’s outer west.
St Hilliers also has several contracts with the Department of…