Zorzi Builders administrators at Hall Chadwick hold out hope of revival as tradies, supplies stay on jobs

The administrators of Zorzi Builders have held out hopes of a corporate revival after more than 100 tradies and suppliers agreed to keep working on the prestige construction group’s projects. After a meeting of Zorzi creditors in Perth on Tuesday, insolvency accountant Cam Shaw said the resumption of work increased the chances of the administration ending with a successful restructure. Mr Shaw said Zorzi directors were considering putting forward restructure proposals at follow-up creditor meetings, due in early June. “Everyone is working together, everyone is marching to the beat of the same drum,” he said. “We’re trying to get the jobs moving again. We’re rolling this week.” Mr Shaw and his Hall Chadwick partners Richard Albarran and Aaron Dominish were appointed administrators of Zorzi Builders’ operating company Mercedes Group and related company Inka Builders on March 20, ending weeks of speculation about the group’s health. The Hall Chadwick partners were also appointed as liquidators of parent company Western Alliance. Documents filed in the liquidation of Mercedes Group parent Western Alliance show the company faces claims of more than $3 million from the former Zorzi owners, who sold the business six years ago in a management buy-out. Information about the assets and liabilities of the two collapsed companies have not yet been filed to the corporate regulators and Hall Chadwick would not provide its estimates about their financial state. Mr Shaw also would not discuss claims against Western Alliance by companies linked to Walter Zorzi, Eric Zorzi and Peter Belcastro.