Beechwood Homes

AN information session for Beechwood Homes customers will be held at Bomaderry Bowling Club, 10am on Tuesday August 26.
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BUILDING giant Beechwood Homes was placed in liquidation yesterday as building contractors stung in the collapse attacked the receiver over perceived secrecy surrounding the wind-up process. Beechwood contractors attack receiver

Collapsed NSW home builder Beechwood Homes has been sold as a going concern to a family-owned business, Cavasinni Constructions.

Beechwood’s receivers Deloitte said the business had been sold for an undisclosed amount with all assets, including existing land, buildings, contracts and copyright.
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CONSTRUCTION on more than 300 Sydney homes could resume this week, almost three months after the largest project home building collapse in the state’s history.

Beechwood Homes’s site at HomeWorld in Kellyville was reopened for business yesterday, raising speculation that a buyer had finally secured the finance to take over more than 900 outstanding building contracts. read more

Collapsed New South Wales building company Beechwood Homes is set to be liquidated if it is not sold by the end of business today.
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FORMER management staff of Beechwood Homes have offered a $4 million sweetener to unsecured creditors of the ailing building firm as part of a buyout proposal that has the approval of the Beechwood’s creditors’ committee.

Minutes of the most recent meeting of Beechwood’s committee of creditors show the committee resolved to support “the offer put forward by the management group proposal as providing the best result for industry, homeowner, employees and creditors”.
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THE forgotten victims of the Beechwood Homes collapse, many of Beechwood’s contractors and sub-contractors face the prospect of losing their own homes in the wake of crippling debts. read more

THE millionaire horse breeder Larry King had his builder’s licence renewed just seven weeks before Beechwood Homes collapsed, leaving thousands of consumers, employees and tradespeople stranded.

Yet warning signs of the project home builder’s imminent crash had been evident to the NSW Government for almost three years following the highly publicised $72 million loss by Mr King’s thoroughbred syndicate, the State Opposition said yesterday. More than 100 complaints relating to Beechwood were lodged with the Office of Fair Trading over the same period.
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BEECHWOOD HOMES owner Larry King borrowed more than $40million of the business’s money and used it to fund his passion for horse racing. But his gamble with the sport of kings has ruined the former multimillionaire and left almost 1000 families wondering how they are going to get their homes built. read more