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Langford Jones Homes has become Victoria's latest building company to collapse, as rising costs and supply chain pressures take a toll. More on: VIC Industry Trusted and independent source of local, national and world news. In-depth analysis, business, sport, weather and more.
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Donna Taylor is one of the few homeowners prepared to speak on the record since Langford Jones Homes collapsed. She believes the company's directors should be deregistered immediately. News Former clients react to Langford Jones Homes liquidators report Oct 04 2022 Updated October 4.
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Family-owned Langford Jones Homes is in liquidation, owing 250 creditors more than $10 million. The builder had projects in Melbourne's bayside and south-east suburbs and on Phillip Island. Construction businesses around the country are under stress. Paul Jeffers
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After witnessing four decades of boom-to-bust cycles in Australia's residential property industry, experienced Gold Coast developer Soheil Abedian puts the construction industry's current woes down to one simple reason: greed.
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Oracle Platinum Homes' liquidation follows a string of construction companies going under, including Langford Jones Homes, Probuild, PlanBuild, BA Murphy, Privium Homes and several others around.
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The only current director of the company, Bruce Langford-Jones, told news.com.au the family had poured $14 million into the now-defunct business including all personal assets and that he was "devastated" by the company collapse and he is facing bankruptcy. Sam was contacted for comment.
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Langford Jones Homes is a family owned and operated company and the housing industry leader for Phillip Island, South Gippsland, Westernport Bay and the Mornington Peninsula. We've been a member of the Housing Industry Association since 1975, and have built extensively throughout coastal Victoria and Metropolitan Melbourne for over 35 years.
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Liquidators appointed to collapsed Victorian-based building firm Langford Jones Homes have advised more than 400 creditors that there are presently insufficient assets to pay any money to the more than $20 million in creditors.
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6 min read August 29, 2022 - 12:59PM EXCLUSIVE Homeowners from a building company that collapsed last month owing $23 million have been dealt another devastating blow. In a creditor's report released last week and obtained by news.com.au, the appointed liquidators have revealed they are pursuing customers for money.
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Langford Jones Homes is the latest to join a growing list of failed building firms as rising costs for construction materials and the ongoing supply chain crisis sparked from the Covid-19 pandemic coupled with locked-in price contracts have driven many to collapse. Stream more business news live & on demand with Flash. 25+ news channels in 1 place.
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Langford Jones Homes had around 65 building developments at various stages of completion, and more than 250 creditors. View gallery Victorian firms Wulfrun Construction, Westernpoint Construction.
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Melbourne homebuilder Langford Jones Homes enters liquidation owing $10m to creditors By Business News Australia 6 July 2022 Image via Langford Jones Homes.
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NCA NewsWire More from Business ASX falls in final session of 2023 ASX200 closes in on record high A Victorian builder of almost 50 years has entered liquidation, owing creditors more than $10 million. Family-owned Langford Jones Homes, which builds homes in Melbourne's bayside, southeast and Phillip Island, ceased trading last Thursday.
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Aug 24 2022 Updated August 24, 2022. . 3 min read. Liquidators appointed to collapsed Victorian-based building firm Langford Jones Homes have advised there are presently insufficient assets to pay any money to the more than $20 million in creditors. RSM Australia Partners Jonathon Colbran and Richard Stone, who were appointed as Joint and.
