A building company that straddled two different states and territories has collapsed, leading to a domino effect impacting 130 projects and 80 staff members.
On Friday, creditors voted to place Cubitts Granny Flats and Home Extensions into liquidation.
The builder worked in both NSW and the ACT and been in business for 30 years.
News.com.au previously reported that the family-owned business had been placed into administration earlier this year and had debts of $5.7 million.
Of its substantial debts, $2.6 million of that is owed to 77 tradies.
At an administration meeting at the end of last week, creditors voted to liquidate Cubitts.
The appointed administrators Richard Stone and Brett Lord of insolvency firm RSM Australia have now become t…
Read the full article at: https://www.news.com.au/finance/business/other-industries/nsw-act-builder-collapses-into-liquidation-owing-57m/news-story/f0a0d640dc0f46554c5f3aec2d3cdd06
