Cooper and Oxley Builders goes into administration

Stock image.
Stock image.

WA builder Cooper and Oxley Builders Pty Ltd has voluntarily entered external administration.

Richard Albarran and Cameron Shaw from Hall Chadwick have been appointed administrators of the company.

The Jolimont-based business came under fire this week after shutting doors on its seven construction sites – including the Subi XO development – following a suspension on trading.

The Department of Mines, Industry Regulation and Safety issued a statement this afternoon saying anyone owed money by the builder – including subcontractors and suppliers – should contact Hall Chadwick on (08) 6557 6200 and register as a creditor.

The department said in the statement it had contacted the administrator regarding its intentions for incomplete building work.

Dradgin Pte Ltd said it was unaware action of this nature would be taken and was very disappointed with the current situation.

“All payment terms and conditions of the contract have been met by Dradgin Pte Ltd. In fact, Dradgin offered financial assistance to Cooper & Oxley to help Cooper & Oxley meet its obligations, unfortunately this was not accepted,” it said in a statement to Western Suburbs Weekly.

“Dradgin’s priority is working with all parties involved – including subcontractors – so that the project may be completed as soon as possible.

“All stakeholders are being contacted and will be kept informed as more information becomes available.”

Dradgin said it understood Cooper & Oxley had appointed administrators  but said it was too early to comment on how that may affect the project at 500 Hay St.

“Our priority is working with all parties involved to recommence works and complete the project as soon as possible,” it said.