Homeowners and tradies have been left reeling by the news that yet another construction firm has collapsed, leaving them thousands out of pocket.

On Monday, NSW building company Allura Homes Pty Ltd went into liquidation.

The firm, which was based on sydney’s lower north shore in Lane Cove, had 39 residential projects underway, which have now been placed in jeopardy.

The appointed liquidator, Dane Skinner of insolvency firm Raft Consulting, said these homes were at varying stages of completion.

“There is a variety – from initial deposits with letters of intention to construction phase and practical completion, subject to defect claims,” he told news.com.au.

All 11 employees of the firm lost their jobs on the spot, although it’s understood four had quit before liquidators were called in.

This marks the third construction company in as many days news.com.au has revealed to have gone bust, as the building industry continues to struggle in the current inflationary environment.

According to Mr Skinner, at this early stage of his investigation, Allura Homes appears to have racked up debts totalling $3.3 million.

Despite the staggering debt, the business only has assets estimated to be worth $160,000.

The firm so far has 102…