On 23 October 2023, Graeme Beattie, Christopher Darin, and Aaron Lucan of Worrells were appointed administrators of the following companies that comprise the “NPM Group”:
National Projects and Maintenance Pty Ltd;
NPM Group Holdings Pty Ltd;
NPM Projects (NSW) Pty Ltd;
National Projects (HQ) Pty Ltd;
NPM (VIC) Pty Ltd;
National Projects QLD Pty Ltd;
National Projects (ACT) Pty Ltd;
National Projects (WA) Pty Ltd;
NPM Home Pty Ltd; and
CREO Design Group Pty Ltd.
The NPM Group operated as national commercial fit out, construction, minor works and maintenance company. It completed over 45,000 projects across six states/territories with its head office located in Sydney, NSW.
The NPM Group ceased operations on Monday 23 October, with over 100 full-time employees terminated prior to the administrators’ appointment.
The director, Mr Daniel Afonso has advised that, “the ongoing market pressures have made NPM’s continued operation untenable, due to skilled labour shortages, inflationary pressures, interest rate rises and a commercial sector that continues to suffer from flow on effects of COVID-19 pandemic”.
Mr Beattie said, “The administration process is in its infancy and we are working hard to immediately establish the group’s financial position, including identifying assets available for realisation and quantifying creditors’ claims with the assistance of the director and the senior staff of the NPM Group. We are conscious of the impact the appointment will have on everyone involved.”
Worrells advises it will continue to give updates as they become available.
Worrells is the leading brand of insolvency and turnaround teams. With local teams in NSW/ACT, Qld, Vic, and WA, Worrells also has the support of a national brand. Its teams have helped people and business recover from difficult financial situations and assisted the creditors attached for over 50 years.
Principal, Western Sydney