A major national building company with more than 100 full-time employees is the latest to go under.
NPM Group – which stands for National Projects and Maintenance – was behind 45,000 projects across six states and territories, including WA.
The company was responsible for commercial fit-outs, construction, minor works and maintenance and had 10 subsidiary companies under its banner operating under different trading names.
They are National Projects and Maintenance Pty Ltd, NPM Group Holdings Pty Ltd, NPM Projects (NSW) Pty Ltd, National Projects (HQ) Pty Ltd, NPM (VIC) Pty Ltd, National Projects QLD Pty Ltd, National Projects (ACT) Pty Ltd, National Project (WA) Pty Ltd, NPM Home Pty Ltd, and CREO Design Group Pty Ltd.
These have been put under external administration.
NPM operated out of an office on St Georges Terrace in Perth.
“The ongoing market pressures have made NPM’s continued operation untenable, due to skilled labour shortages, inflationary pressures, interest rate rises and a commercial sector that continues to suffer from flow-on effects of (the) COVID-19 pandemic,” director Daniel Afonso said in a statement provided to news.com.au.
Graeme Beattie, Christopher Darin, and Aaron Lucan of Worrells have been appointed administrators.
All full-time employees have been let go.
Mr Beattie encouraged impacted creditors to get in touch with his office directly or by emailing [email protected]
Unhappy contractors had taken to the company’s Instagram to express their displeasure.
“How about you pay your trades that you begged to finish your jobs,” one woman wrote.
“Just gone into administration! Contractors always get screwed!” another added.