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On March 7 2023, RSM Australia Partners Jonathon Colbran, Richard Stone and Mitchell Herrett were appointed voluntary administrators to PBS construction entities trading in the Australian Capital Territory (ACT), New South Wales (NSW) and Queensland (Qld).
PBS is a privately-owned and operated 33-year-old Australian award-winning business that constructs large-scale residential and commercial projects exclusively in three states and territories – the ACT, NSW and Qld.
Over the past three decades, PBS has evolved from a family-owned Canberra-based building firm into a major construction company that has delivered more than 7,500 residential dwellings and construction projects to the value of $3.6 billion since inception.
THE LATEST STATEMENTS FROM RSM:
March 7, 2023 - Initial Statement
March 20, 2023 - PBS administrators update to creditors
April 6, 2023 - Federal court grants PBS administrators more time to finalise their investigations
