Another building company has gone bust, leaving dozens of devastated tradesmen unpaid and customers without a completed home.
Family-run Simone Homes Pty Ltd based in Leppington in sydney/index.html” id=”mol-27fcb9a0-4858-11ee-a5b5-0dca715774d7″>Sydney‘s south-west went into voluntary liquidation last week owing at least $1.65million, according to a creditor’s report.
The amount owed is expected to rise with many creditors yet to submit proof of debt claims.
It’s understood six construction sites have been impacted by the Simone Homes collapse.

Simone Homes Pty Ltd (display home pictured) is the latest construction company to go bust
There are 11 secured creditors and 53 unsecured creditors which include subcontractors, suppliers, banks, customers and the Australian Tax Office.
Bradley John Tonks from insolvency firm PKF has been appointed as the liquidator.
Established in 2014, Simone Homes’ total assets are worth $816,000 but some have a realisable value of zero, according to the liquidator’s report.
Simone Homes customers are furious.
‘Horrendous company to work with. Save yourself the money and the trouble and go somewhere else,’ a Google review posted a week ago states.
‘You’re better off letting a five-year-old build your property.’

Simone Homes Pty Ltd entered voluntary…