Metro Homes WA Pty Ltd, which additionally trades as Hamlen Homes, collapsed into voluntary administration on Monday.
Clifford Rocke and Greg Prout from WA Insolvency Solutions have been appointed as directors.
The pair are at the moment enterprise an “urgent assessment” of the monetary place of the business.
“We are looking at restructuring/recapitalising Metro Homes, which is part of the Hamlen Group of Companies, through the wider group,” Rocke stated.
“At this stage we are not trading Metro while we consider the possibility of restructuring or recapitalising the business.
“We anticipate contacting all owners and the broader group of stakeholders tomorrow (February 15) on the newest.
“It is still early days and we continue to do our investigations.”
Hamlen Homes leaves 18 unfinished houses, 11 of that are residential buildings.
About 30 collectors are owed $800,000 whereas the tax workplace is owed $600,000.
It’s understood all workers wages had been updated however superannuation is owed.
Last yr, a number of constructing corporations entered insolvency in Western Australia together with New Sensation Homes, Home Innovation Builders, Pivotal Homes, Probuild, Condev Construction, Waterford Homes, Privium and Pindan Group.
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Source: www.9news.com.au
