An awarding winning residential building company in Victoria has collapsed owing $780,000 to 50 creditors, with the horror of 2022 where more than a dozen firms went under continuing for the industry in the new year.
Delco Building Group which won a Master Builders Victoria Excellence in Housing Awards for its transformation of a 1887 double-fronted cottage was placed into liquidation on Wednesday.
Hamish MacKinnon from Dye & Co has been appointed as liquidator and told news.com.au that the construction company had five projects on the go when it collapsed that are quite significant and large houses.
He revealed that Delco Building Group had $780,000 in outstanding debt with $180,000 owed to the Australian Taxation Office, while t…
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