Business behind Cavalier Homes Geelong sent into liquidation

Matt Mckenzie
The Nightly
1 Min Read
The business behind Cavalier Homes Geelong was sent into liquidation.
The business behind Cavalier Homes Geelong was sent into liquidation. Credit: Cavalier Homes

A home builder from regional Victoria has been sent into liquidation, just the latest casualty in the bubble which smashed the industry.

Station 293, the business behind Cavalier Homes Geelong and Nathan Downing Builders, collapsed on Monday.

Documents lodged with the Australian Securities and Investments Commission show Clifford Sanderson of Sydney insolvency firm Dissolve Pty Ltd has been given control of the seven-year-old business. Mr Sanderson will need to sort through the wreckage.

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.

Cavalier Homes’ national website says the company is a franchise network, with about 20 offices across the country.

“Cavalier Homes help smaller builders in their local communities gain market share and keep building local,” the website says.

“The business model is based on their own successes as builders and franchise owners and a desire to help the small independent builder compete against big corporates.”

The director, liquidator, and Cavalier’s head office did not respond to requests for comment.

But there have been reports Station 293 had at least 40 creditors and two unfinished homes.

A whopping 1851 construction companies have collapsed nationwide so far this financial year, according to fresh ASIC data released this week.

That’s more than double the number of insolvencies in the industry in 2022.

Among the highest-profile casualties in recent years were Probuild and Clough.


Latest Edition

The front page of The Nightly for 14-06-2024

Latest Edition

Edition Edition 14 June 202414 June 2024

Tesla investors deliver Elon Musk an 11-cylinder salary.