Collier Homes: Residential building company collapses after more than 60 years in business
One of Western Australia's biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years.
The Australian Securities and Investment Commission confirmed on Tuesday that the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators.
Collier Homes was created in 1959 by Raymond McCarthy.
Collier Homes has gone into liquidation
He lived on Collier Street in the affluent suburb of Applecross.
In 1969, the business was sold to a national land developer, then in 1981 it was purchased by its senior executive, Ron Smith.
In 1996, Adelaide-based and national home builder Home Australia acquired the business.
The brand assets were sold in November 2016 to the present owner, Dario Amara.
The Australian Securities and Investment Commission confirmed on Tuesday that the company would shut down
In an earlier post on the company's website there was a reference to industry challenges since the Covid-19 pandemic struck.
'We try hard to please our customers during these challenging times,' the post read.
'The post-Covid stimuli were well-intentioned, however, they created massive supply chain shortages, delays and labour constraints, all translating to unpredictable cost escalation.'
Mr Amara is a second-generation builder with more than 40 years of experience.
