Building company Novati Constructions went into voluntary administration on 8 February 2026. Graeme Beattie and Aaron Lucan of Worrells were appointed as administrators. The company has stopped operating.
Key Facts
- Company: Novati Constructions.
- Date: 8 February 2026.
- Administrators: Graeme Beattie and Aaron Lucan, Worrells.
- Status: The company has ceased operations.
- Plan: The directors want to propose a Deed of Company Arrangement.
What Happened
Industry reports said the business had been running for about five decades. It has now stopped trading while the administrators look at its affairs.
What Is a Deed of Company Arrangement?
A Deed of Company Arrangement, or DOCA, is a deal between a company and the people it owes money to. It sets out how debts will be dealt with. Creditors vote on whether to accept it.
Correction
An earlier version of this story named the wrong administrator. The administrators are from Worrells. The claim that the firm was founded in 1971 could not be confirmed.
Frequently Asked Questions
Who are Novati’s administrators?
Graeme Beattie and Aaron Lucan of Worrells.
Is Novati still trading?
No. The company has ceased operations.
What happens to creditors?
The directors plan to propose a DOCA. Creditors will vote on it.
Conclusion
Novati is one of many building firms to fail in recent years. Creditors will learn more as the administration goes on.
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