Two Australian builders have collapsed leaving creditors more than $4.5million out of pocket – the latest in a wave of construction companies to go under.

PPS Qld and PPS Commercial, based in Burleigh Heads on the gold coast, have been placed into liquidation this week.

Salam Bettridge, 48, is the director of PPS Qld while his wife, 52-year-old Raquel Bettridge, is listed as the director of PPS Commercial, having taken over from him in 2022. 

They have completed a number if mid-tier projects including childcare centres, schools and medical centres along with Elements of Byron resort and the visitor centre for Hinze Dam.

Liquidator Nick Keramos of McLeods Accounting told The Gold Coast Bulletin that PPS Qld had reported it’s debts at $1.8million and PPS Commercial at $2.7million. 

But he added their debts would likely grow larger as subcontractors, suppliers and staff learning of the collapse make claims. 

‘The main reason provided by the directors for both companies’ (collapse) is adverse trading conditions in the…