DCB Developments collapses: Construction firm that counted KFC, Guzman and Gomez and Hungry Jacks as clients appoints administrators

Another construction company that serviced some of the biggest fast food chains in the world has gone bust with subcontractors left out of pocket by almost $400,000. 

Building company DCB Developments entered into administration after doubts were raised about the company’s future for several weeks. 

The southeast Queensland company which develops commercial and retail spaces allegedly owes one subcontractor close to $400,000. 

DCB Developments is the latest company to go under after administrators were called in to officially deregister the construction firm that had been operating for 15 years

The developer was contracted out for building services by fast good giants including Hungry Jacks and KFC. 

At the time administrators stepped in, DCB Developments were developing $60 million Service Centre in Currumbin. 

The complex was set to house a number of outlets including a Coles Express, 24-gour gym, a Shell petrol station, and a KFC store.

The building company was on the ropes for several weeks as speculation mounted about it’s future before administrators from services company PKF Melbourne stepped in to begin winding down the company’s operations

Auditing and advisory firm PFK Melbourne, were called in to place the company into administration. 

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The company has been operating for 15 years because it’s forceful closure. 

An email sent by the company said they are yet to undertake the next steps as it comes to terms with it’s decommissoing. 

‘DCB has ceased trading,’ the email read. 

‘We are working with a non-appointed receiver and an administrator to understand next steps’. 

‘You will receive an email in due course advising the outcome’.

Several subbies have claimed they haven’t been paid in several weeks, with one contractor still waiting to receive money from the service centre project. 

It comes as another known as DCB Dev Pty Ltd has also on the cusp of going under after the was set up by the firm’s general manager Christian Bright in March. 

Chief Executive of the Australian Constructions Association Jon Davies the building sector is a tough situation.   

He the Courier Mail that with productivity was  poor across the sector. 

‘On the current trajectory, we will simply be unable to deliver the current pipeline of new energy, housing, defence, transport and social infrastructure in a timely manner,’ Mr Davies said.