Earlypay’s biggest secured creditor, building materials company RevRoof, has gone into administration, leaving the finance company with an outstanding exposure of A$29 million. Earlypay released a statement to the Australian Securities Exchange yesterday, saying RevRoof Pty Ltd and a related entity, Painted Steel Technologies, appointed PKF Melbourne as voluntary administrator on December 6. Earlypay’s exposure is secured by accounts receivable, equipment and inventory. It said it has a “strong security position” and expects that the outstanding exposure will be repaid in full.  It said recent earnings guidance remains unchanged. At June 30, the company had debtor finance receivables of $270.5 million and finance lease receivables of $131.5 million. The construction sector has been particularly vulnerable this year. Credit reporting company Equifax reported that construction company insolvencies in the September quarter were up 139 per cent, compared with the same period last year.