Langdon Building collapses and goes into voluntary management
- The Ballarat-based Langdon Building is now under management
Victorian housing group Langdon Building has gone into voluntary administration.
The company builds homes in Ballarat, Geelong, Bendigo and the north and west of Melbourne, and is headquartered in the Ballarat suburb of Alfredton in central Victoria.
Langdon Building, registered in 2005, is the residential building company facing insolvency as higher interest rates and construction costs hurt the construction industry.
It is also the parent company behind Langdon Homes and Smart Building by Langdon, Australian Securities and Investments Commission records show.
Fixed price contracts have led to a rise in bankruptcies, with the Langdon Building homepage selling a guaranteed price under the slogan: 'Build with Confidence'.
The Ballarat-based Langdon Building has gone into voluntary management.
The company builds homes in Ballarat, Geelong, Bendigo and the north and west of Melbourne, and is headquartered in the Ballarat suburb of Alfredton.
“Fix your construction costs for 2023,” it said.
“Build with confidence, knowing that with Langdon we guarantee no price increase on your build if you commit today.”
Insolvency group Grant Thornton took over as trustee in April 2023.
Fixed price contracts have led to a rise in bankruptcies, with Langdon Building's homepage selling a guaranteed price under the slogan 'Build with confidence'.