A Victorian building company has collapsed, leaving almost 100 homeowners in a state of limbo.
Montego Homes on Monday became the first major building company to enter voluntary administration in 2024, continuing a difficult few years for the construction sector.
Insolvency firm Cor Cordis has been called in to act as administrator for the South Melbourne based company, with all construction work being halted while they search for a buyer who can restructure and recapitalise the business.
The collapse has reportedly left 90 homeowners uncertain, with the jobs of 11 employees also at risk.
Montego Homes was registered as a business with the Australian Securities and Investment Commission less than five years ago, with the company start…
