The pitch deck shows a clean, isolated SPV. The public registers show the cross-collateralised reality: shared directors, linked builder licences, and parent liabilities nobody priced. Distintel resolves 21.7 million corporate, licence and regulator records into one live graph of the borrower group, and alerts your desk within fifteen minutes of an ASIC notice, a strike-off or a licence suspension — on the developer, the head builder and the sub-trades on site.
The structure looked like textbook risk management: hundreds of separate companies, one project each, nothing to contaminate anything else. Then administrators were appointed across 542 of them on a single day. Every lender to one SPV was, in fact, a lender to all of them — and had priced the debt as if it were not.
Every piece of that structure was in the public record for three years before the appointment. Distintel walked it from one ABN. The write-up is the reason a capital arranger with $600 million closed asked us the question this page answers.
The SPV that takes the site, the DA that hits the planning portal, the licensed builder who signs on — in that order, gated by state, location and project value, and resolved to the developer behind the SPV so you call at DA stage, when capital is being considered.
How the pipeline is built →One ABN in. Every related company, director, shareholder, builder licence and insurance certificate out — the actual group against the conceptual one on the pitch deck, with beneficial owners determined to the AUSTRAC standard.
What the walk finds →Every entity you have lent to, and every entity building for them, watched against ASIC every fifteen minutes and against the builder licence and insurance registers daily. The signal lands in your inbox, not in next quarter’s arrears report.
What fires, and when →A development enters the public record months before a debt adviser drafts the information memorandum, and the registers fill in the order the deal is done. The SPV is registered to secure the site. The DA is lodged, and later determined. A licensed builder is contracted and attached ahead of the construction certificate. Then the security deed lands on the PPSR. Distintel connects those trails the day they update, so you reach the sponsor with a term sheet while competitors wait for the intro email.
Credit teams burn analyst days on manual ASIC extracts, PPSR searches and state builder checks, and still present the committee with one clean SPV. One ABN in, the complete corporate tree out: Distintel resolves multi-tiered holding companies, determines beneficial ownership to the AUSTRAC standard, and cross-references the nominated building supervisors against past deregistrations and regulator compliance notices.
Head-contractor insolvencies do not happen overnight. They leak out through compliance actions, director reshuffles and sub-contractor winding-up petitions, weeks before the administrator calls or a valuer reports an empty site. Distintel sweeps every ASIC published notice every fifteen minutes and the state licence registers daily, across your entire loan book — borrower, guarantors, head builder and key sub-trades — and alerts you the same quarter hour.
Senior, stretch senior and mezzanine books across construction and development. Group-wide monitoring of every facility, beneficial-owner packs at credit committee, and the earliest regulator signals on the builder delivering your security.
Debt above $10 million and equity JVs above $5 million are won by being first. A lead pipeline from formations, planning applications and builder contracts, gated to the state, location and project value you actually work, resolved to the developer to call at DA stage.
You are exposed to the developer, the builder and every trade on site. Watch all three as one group, from the day of the first drawdown to practical completion, with licence and insurance compliance in the same feed as ASIC.
Enter the ABN of an active deal, a borrower or a prospective borrower. We run the full group walk, map the builder’s licence history, and present the live graph on a confidential twenty-minute call. The graph is built before the call, so minute one is your deal, not a slide deck.
We’ll reply within one business day with a time. The group graph for the ABN you gave us will be on screen from minute one of the call.