How much is grocon worth?
How much is grocon worth?
Private development and construction giant Grocon is back in the black with a profit of $6.4 million as it mounts a big push into the Sydney market. Already, Australia’s largest private construction company is eyeing a pipeline of projects in the NSW market alone worth more than $1 billion.
How much is Bruno Grollo worth?
In 2006, Grollo was listed in Forbes top 40 richest people in Australia and New Zealand. Bruno Grollo and family were listed on Financial Review 2018 Rich List with an assessed net worth of A$702 million.
Who owns grollo?
Daniel Grollo
Grocon Group boss Daniel Grollo says the construction company is fighting for its life as it prepares to appoint administrators.
How many employees does grocon have?
GROCON GROUP HOLDINGS PTY LTD has 192 total employees across all of its locations and generates $14.57 million in sales (USD).
Who is grocon owned by?
Meeting chair Craig Shepard from KordaMentha informed creditors that a company called Grocon Project Operations (ultimately owned by Daniel Grollo) had bought the intellectual property of Grocon – three trademarks and 20 domain names – for $25,000.
What happens when a builder goes into administration?
When a building company is placed into liquidation or voluntary administration, the following typically occurs: This means principals and developers can terminate contracts with the company. Secured creditors will often repossess assets which they have financed.
Who is Jodi grollo married to?
The Australian Financial Review states Grollo and her husband, Gianni Grollo, oversaw a further 408 pokies licenses as of 2019.
Who are the administrators of grocon?
Grocon Group Holdings is one of three Grocon companies involved in the litigation with the NSW government. KordaMentha’s Andrew Knight, who is handling the administration with colleagues Craig Shepard and Mark Korda, said no more Grocon companies were expected to join the tally of administrations.
Who are grocon administrators?
Is grocon administrative?
Grocon Group Holdings will be placed into administration alongside 39 subsidiaries as the $1 billion collapse of the construction business plays out in the New South Wales Court.
Is grocon a grollo?
Meeting chair Craig Shepard from KordaMentha informed creditors that a company called Grocon Project Operations (ultimately owned by Daniel Grollo) had bought the intellectual property of Grocon – three trademarks and 20 domain names – for $25,000.
Can you insure against builder going bust?
A Performance Bond gives protection if your builder becomes insolvent. A performance bond is used commonly in the construction industry as a means of insuring against the risk of a contractor failing to fulfil contractual obligations to the client.
