Auckland-based Scarbro Construction has today declared insolvency and called in liquidators.

The building company has stopped work on five active construction sites- and experts warn this won't be the only construction business in trouble this year.

AUT Construction Management professor John Tookey wasn't expecting Scarbro to dissolve, but says that any construction company can go belly-up.

John Tookey says Scarbro's liquidation has likely come down to a cash flow crisis generated by a contract or sub-contract going wrong.

LISTEN ABOVE

Auckland-based Scarbro Construction has today declared insolvency and called in liquidators.
The building company has stopped work on five active construction sites- and experts warn this won't be the only construction business in trouble this year.
AUT Construction Management professor John Tookey wasn't expecting Scarbro to dissolve, but says that any construction company can go belly-up.
John Tookey says Scarbro's liquidation has likely come down to a cash flow crisis generated by a contract or sub-contract going wrong.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.