EXCLUSIVE: Massive building supplies company goes under as a mysterious message is posted on its website
- Building supply company in Melbourne suddenly collapses
- Global Builders Warehouse supplied construction companies
- Do you know more? Contact: email@example.com
A huge building supply company has collapsed triggering a war of words between the owners and their children.
Global Builders Warehouse, which is based in Doveton, in Melbourne‘s south east, went into administration on Monday.
The firm, which employed 10 staff and reportedly had an annual turnover of $4.6million before it went under, imports and sells tiles and flooring, in addition to kitchen and bathroom supplies.
The website for the family-run company was this morning locked and replaced with a message reading: ‘Dear customers, this website has been temporarily placed offline to limit customer funds [allegedly] being misappropriated’.
The website also sadly advised customers it would be ‘opening soon’ and encouraged tradies to submit their email address so they could ‘be the first to know when we launch’.
Global Builders Warehouse, based in Doveton, in Melbourne’s south east, went into administration on Monday
Hasan Yuvarajah, who runs the Global Builders website for his parents, was not aware the company had collapsed when Daily Mail Australia rang on Tuesday morning.
Mr Yuvarajah said his mother Gita had taken over running the company after his father became ill and was admitted to hospital.
Daily Mail Australia makes no suggestion of wrongdoing on the part of Ms Yuvarajah or any other member of her family and has repeatedly tried to contact her for comment.
Mr Yuvarajah’s brother, Arun, completely denied the allegations on the website and said the business shutting down was simply because the family felt that now was the right time to sell up.
‘We are not in a position to continue to own the business so we’ve got some consultants in to figure out how to wind down and sell,’ he said.
‘Their advice was: “there’s lots of stock, it’s a good business on a main road, it’s trading well and you’ve got a really good website”.
‘Which someone has unfortunately taken down and written the wrong things on.’
The firm, which employed ten staff and reportedly had an annual turnover of $4.6million before it went under, imports and sells tiles and flooring, in addition to kitchen and bathroom supplies
Arun, who quit his job to help his mother run the business, said they had been ‘trading quite well’ but were owed money by some tradies.
‘There’s a lot of people that owe us money and perhaps a few builders in the last year that have gone under in the last year still owe us money so it’s hard to trace those people,’ he said.
‘These people (the liquidators) are professionals and that’s why they are here and hopefully they can recoup some of that.’
The administrators, Hamilton Murphy Advisory, were also approached for comment.
It is unclear how many customers – if any – have been left out of pocket by Global Builders’ collapse.
In an unrelated matter, the Global Builders’ closure comes less than a week after building company Porter Davis went into liquidation, forcing work to completely halt on more than 1,500 properties across Victoria, with scores of tradies going unpaid.
A Porter Davis home under construction in a newbuild development was set on fire by suspected tradies seeking revenge.
Firefighters desperately tried to save the house in Clyde, on Melbourne’s south-east outskirts, but the flames had already taken grip and destroyed the roof, with a large part of it collapsing.
Police launched an investigation into the mystery fire after witnesses said a man was seen going into the property shortly before the blaze broke out.
Tradies seeking revenge are suspected to be behind a fireball attack on a Porter Davis home (pictured) in pay-back over unpaid work after the builder went bust on Friday