A building company has collapsed after a long, drawn-out death, placing the fate of at least a dozen projects into jeopardy.
On Wednesday, the Victorian Supreme Court ordered Apex Homes Australia Pty Ltd to go into liquidation.
Judicial Registrar Gitsham forced the melbourne-based construction company to liquidate on the grounds of “insolvency” and she said “I am satisfied the requirements under the corporations act are met”.
Concreting business Aerolink Property Group lodged a winding up application against the building company earlier this year over a $46,200 debt dating back to October 2023.
But since they lodged their application, five other creditors joined the case as their debts also went unpaid.
Those creditors were Home and Industrial Soil, Bristol Roofing, Austral Group and ATC Co and the Commissioner of State Revenue.
Matthew Blum of insolvency firm BDO was appointed as the liquidator. News.com.au has contacted him for comment.
News.com.au previously reported that Apex Homes appeared on the brink of collapse after construction work had stalled for months.
Although at the time the company told news.com.au they were battling the winding up application and had employed solicitors to fight the case but in…
