Roberts Co (VIC) Pty Ltd, which delivers projects for Roberts Co and Monaco Hickey in Victoria, has entered voluntary administration.
Roberts Co’s businesses operating outside of Victoria are unaffected by this decision.
Specialist Advisory and Restructuring firm McGrathNicol, has been appointed as the administrator, with Jason Ireland and Matthew Caddy acting as the appointed administrators.
Together, Roberts Co and McGrathNicol are committed to working collaboratively to assess all available options for the benefit of stakeholders, including employees, customers, suppliers, and creditors of the Victorian business.
Statement from Roberts Co CEO and Managing Director, Emma Shipley:
“We commenced operations in the Melbourne market in 2022, when we took five Probuild projects and 150 staff out of voluntary administration.
“Despite our best efforts, our group can no longer continue to fund the losses incurred by Roberts Co (VIC) Pty Ltd.
“The building and construction industry in Victoria has faced both continuing material cost increases and the insolvency of many critical subcontractors. These conditions have caused significant delays and costs to our Victorian projects that are unsustainable.
“Ultimately, these factors have placed significant pressure on the Group – and the Board and I believe the only responsible course of action is for Roberts Co (VIC) Pty Ltd to enter voluntary administration.
“We are deeply saddened by this outcome, as we know it will have significant impacts on our employees, subcontractors, suppliers, and clients in Victoria.
“However, entering voluntary administration provides an opportunity to assess all available options and determine the best path forward.
“We are committed to working with the administrator and our clients to complete our current projects in Victoria to get the best outcome for our stakeholders.
“Finally, I want to emphasise that our NSW & WA businesses are unaffected by today’s decision and will continue with business as usual.”
Media Enquiries:
William Roberts – Cannings Strategic Communications
M: 0431318893 / E: William.Roberts@canningscomms.com
