Another one bites the dust, Teak Construction hits the wall
Seven out of 10 liquidation applications now initiated by Inland Revenue, Centrix says.
The failed Beachcroft Terraces.
The failure of Auckland’s Teak Construction, with the loss of 20 jobs, is the latest in a long and still-growing list of construction firms forced to close up shop in the wake of last year’s $5 billion slump in the value of building sector work.
The 33-year-old building company, which has an
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