Tradies and homeowners have been left reeling from the news that a Sydney building company has gone bust.
Last Thursday, on August 24, Simone Homes Pty Ltd went into voluntary liquidation.
The family-run business was headquartered in Leppington in Sydneys southwest and its liquidator is now Bradley John Tonks of insolvency firm PKF.
According to a creditors report obtained by news.com.au, the construction company has so far racked up debts of $1.165 million.
However, a lot more creditors have yet to submit proof of debt claims, meaning that figure is expected to rise.
One disgruntled tradesman told news.com.au No one knows where that money went.
There are 11 secured creditors and 53 unsecured creditors.
Those include banks, the tax departm…
Read the full article at: https://www.news.com.au/finance/business/other-industries/sydney-builder-simone-homes-collapses-into-liquidation-owing-165m/news-story/503f00a5909cb5253f70f485b3edb495