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5 months ago
15
A building company has collapsed, laying off 80 staff and leaving 130 projects on pause.
Creditors voted to place Cubitt’s Granny Flats and Home Extensions into liquidation on Friday.
The company, which had been operating for 30 years in NSW and the ACT, went into voluntary administration earlier this year and had debts of $5.7 million.
It is believed that $2.6 million of that is owed to 77 tradies.
The appointed administrators Richard Stone and Brett Lord of insolvency firm RSM Australia have now become the liquidators, according to news.com.au.
More to come.
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