The collapse of yet another Victorian building company , Kleev Homes, has underscored the dramatic plight of the industry in the state.
The construction sector in Victoria has seen insolvencies surge by a massive 74 per cent in the past year.
Kleeve Homes demise has left creditors owed $3.3 million and proven another kick in the teeth for around 100 smaller subcontractors owed as much as tens of thousands of dollars.
According to a notice published by the Australian Securities and Investments Commission (ASIC), the decision to wind the company up was made at a general meeting of its members on 5 July. Travis Pullen of insolvency firm B&T Advisory has been appointed liquidator.
The latest data from ASIC indicates 619 building companies in…
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