Builder Insolvency Check
If your builder becomes insolvent halfway through your build, you can lose your deposit, your progress payments, and months of your life. An insolvency check is how you weigh that risk up front.
Insolvency rarely comes out of nowhere
By the time a building company is formally wound up, the signs have usually been there for a while. Payment defaults. Court claims. Directors who have done this before under a different company name. The hard part for a homeowner is that you don't have access to the records that show it. We do.
What we check
We review director failure history and involvement in previously insolvent companies, look for phoenix-style patterns where a failed company's people resurface in a new entity, and search payment defaults, court judgments, enforceable undertakings and national public warning registers. We assess the credit risk score in that context.
A clean result isn't a guarantee, and a quiet one isn't a green light
No check can promise a builder won't fail. What it can do is surface the risk indicators that exist right now, and tell you honestly when the record is thin. A builder you can't find much on isn't automatically safe. It just means you should know that before you commit hundreds of thousands of dollars.
Related guide: What happens if my builder goes bust?
Check your builder's insolvency risk
Surface the risk indicators before your deposit is part of the problem. Independent, confidential, Australia-wide.