A Victorian based builder called Hotondo Homes Horsham, which was a franchisee of a national construction firm, has collapsed affecting a number of homeowners.
The company had 11 homes under construction at the time of its collapse, while there are also 11 employees with outstanding entitlements.
It is the second Hotondo Homes franchisee to go under this year, with its Hobart branch collapsing in January owing $1.3 million to creditors, according to a report from liquidator Revive Financial.
Established 14 years ago, Hotondo Home Horsham, which is also known as AJ & JR Lynch Pty Ltd, fell into voluntary administration on Thursday with Worrells appointed as administrators.
The building franchise had been “extremely challenged by a range of external pressures currently facing the construction sector”, a statement from Hotondo Homes said.
“The Australian building industry is currently enduring a perfect storm of factors, navigating record levels of demand while facing widespread shortages of building materials and trades, supply chain delays, major spikes in the costs of materials and labour and the ongoing effects of the Covid-19 pandemic,” it said.
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