A Victorian residential builder has entered liquidation and terminated all of its staff.
River Dale Building Group Pty Ltd, which trades as Chatham Homes, appointed AS Advisory as its liquidator on Monday, October 2.
The firm said Chatham Homes stopped work on all of its current 50 residential home projects in Victoria, while there were an additional 29 signed contracts where construction was yet to begin.
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It said the builder was without funds and, as a result, had to terminate its 16 staff.
The liquidators are working urgently to determine if a solution can be found to support customers, including engaging with key stakeholders and potential interested parties who may be willing to…
Read the full article at: https://7news.com.au/news/vic/victorian-builder-chatham-homes-enters-liquidation-owing-2000000-to-unsecured-creditors-c-12092167