Home builder Simsai Construction has gone into liquidation after a dispute with the Australian Taxation Office over debts nearing $4.5 million, it has been reported.
The Perth-based company was working on approximately 100 houses when the business entered administration in early November.
The company ran brands First Home Buyers Direct, Express Homes WA and Multi Develop 360.
Administrators said the companys tax debts had started to accrue from June 2018 and by October 2022, home indemnity insurer QBE was raising concerns about Simsais recent earnings and its future.
Administrators say the business could have been insolvent as early as July 2021, noting an insolvent trading claim of $4.2m may need to be investigated, the West Australian rep…
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