An Aussie building company has gone into liquidation after racking up almost $1.5million in debt- leaving customers in the lurch waiting for faulty builds to be rectified.
melbourne-based company Argyle Building Services was placed into administration on August 23 owing $1,474,932 to 55 creditors.
Among the dozens of creditors are six Argyle employees owed $191,538 in unpaid superannuation and annual leave.
Administrator and Cor Cordis chief executive Daniel Juratowitch, was unable to save the business and was appointed liquidator this week.
At the time of its collapse, Argyle had been building a major project in Williamstown which consisted of eight townhouses, a commercial shop and an apartment.
A recent creditors meeting heard a number of customers had been impacted by the faulty builds.
Industry suppliers were also among those owed money by Argyle.
The company was started in 2011 and specialised in medium density residential developments.
Melbourne based builder Argyle…
