Cubitt’s Granny Flats and Home Extensions Enters Voluntary Administration

February 27, 2024

Cubitt’s Granny Flats and Home Extensions Enters Voluntary Administration

Seeking Buyer

It is with great sadness that the Cubitt family have made the devastating decision to move Cubitt's Granny Flats and Home Extensions into voluntary administration.

This morning, we informed our loyal and hard-working staff in person where possible and remotely via video, some of whom have been with us for more than 25 years, of our decision.

It was a very emotional meeting. After 30 years building homes, we never thought we'd find ourselves in a position where we'd be saying goodbye to our staff, our business, and the many steadfast customers and suppliers who have supported us. It has been the toughest of days.

Since 1994 Cubitt's have served families in NSW and the ACT by building affordable housing that is both well-crafted and beautiful, by way of Granny Flats and Home Extensions.

With pride, Ian Cubitt has upheld a carpentry apprenticeship program for 30 years, training over 120 qualified carpenters. In the past 2 years Cubitt's were proud to start and succeeded with a female carpentry apprenticeship program, qualifying 6 female carpenters to date.

Due to bank lending conditions, supply prices, taxation changes, insurance prices, COVID recovery and lengthy weather events, Cubitt's company has suffered more than it can shoulder.

Cubitt's made the decision in 2021 to honour fixed price contracts and not pass on price rises to their customers, bridging the shortfall and completing projects with significant loans to the company by the owners, Ian Cubitt, Kim Cubitt and Kate Cubitt, using their personal assets.

Unable to bridge the gap entirely, the directors have today appointed Richard Stone and Brett Lord from RSM Australia Partners as Administrators with the objective of finding a buyer for this truly special and iconic business, building affordable housing that Australians can be proud to live in.

We will be working with the Administrators to provide everything they need to achieve the best outcome they can for Cubitt's, and its staff, customers, suppliers and other creditors.

Any inquiries regarding Cubitt's voluntary administration or the sale of the business should be directed to cubitt@rsm.com.au.

Enquire Now. Your Dream Home is closer than you think!

Interested in finding out how simple your building project could be? Get in touch for a no-obligation site assessment for your New Build, Granny Flat or Home Extension today.

2023 Generic Contact Form

Hidden
Name(Required)
Hidden
Hidden

VIEW MORE OF OUR

Recent Blogs

NSW Farm Stay Accommodations FAQ

The NSW Government has made it easier for farmers to use their land for tourism activities, such as farm experiences, cellar doors and farm stays.

Read More about NSW Farm Stay Accommodations FAQ

Eco-Tourism Accommodations in NSW: A Blueprint for Sustainability

As the NSW Government throws its weight behind ecotourism initiatives, eco-tourism accommodation has a pivotal role to play in fostering sustainable experiences that resonate with today’s conscientious travellers.

Read More about Eco-Tourism Accommodations in NSW: A Blueprint for Sustainability

Building Your Accommodation Business from Scratch in Rural NSW: A Comprehensive Guide

Whether you’re envisioning a cosy bed and breakfast or a cluster of serviced apartments, here’s a step-by-step guide to help you turn your dream of building an accommodation business into a prosperous reality.

Read More about Building Your Accommodation Business from Scratch in Rural NSW: A Comprehensive Guide

What the Inland Code Means for Your Rural NSW Granny Flat Project

Are you considering adding a Granny Flat to your property in rural or regional New South Wales? The Inland Code does not permit complying development for the erection of secondary dwellings, commonly known as granny flats. This means that for the 69 Local Government Areas (LGAs) falling under the Inland Code, obtaining approval for a Granny Flat requires a Development Application (DA).

Read More about What the Inland Code Means for Your Rural NSW Granny Flat Project

Unlocking Affordable Housing: Cubitt’s Calls on Premier Minns to Take a Cue from QLD

Cubitt’s Granny Flats advocates for affordable housing solutions, drawing inspiration from Queensland’s grant incentives for smaller builds.

Read More about Unlocking Affordable Housing: Cubitt’s Calls on Premier Minns to Take a Cue from QLD

ACT Land Zone RZ1 – You Can Now Build a Dual Occupancy up to 120m and Subdivide Your Block

ACT Canberra residential zone 1 (RZ1) blocks measuring 800 square meters or more are now eligible for the construction of two homes. Here is a quick FAQ on some elements of this change to help you start planning your ACT Dual Occupancy

Read More about ACT Land Zone RZ1 – You Can Now Build a Dual Occupancy up to 120m and Subdivide Your Block