A small sydney-based builder and design firm has fallen into voluntary liquidation, with creditors owed more than $300,000. 

Built Lifestyles, a residential construction firm specialising in duplexes and structural renovations, entered liquidation on Monday, according to ASIC.

Vanguard insolvency Australia’s Mohammed Najjar has been appointed liquidator and said the business has ceased trading with no active projects.

Co-founders director-builder Deniz Huseyin and interior stylist Gamze Erkoru have been running the business for 15 years in the city’s eastern suburbs and Sutherland Shire.

It is understood the company’s contractor licence was cancelled the day after the voluntary liquidation notice. 

The Daily Mail has contacted Mr Najjar and Built Lifestyles for comment.

Mr Najjar told The Daily Telegraph that his team would investigate the circumstances of the company’s collapse.

He also revealed the debts owed to creditors are thought to be about $330,000.

Built Lifestyles, which was founded by Deniz…