- Construction company went into administration
- All work on projects has been paused
Another building firm has gone into voluntary administration immediately putting a pause on all projects.
Victorian-based Montego Homes appointed Cor Cordis as administrators on Monday.
‘We’ve commenced an urgent review of Montego Homes’ financial position and (are) urgently seeking a buyer to restructure or recapitalise the businesses,’ administrators said.
‘We will be providing regular updates to all stakeholders as we work through the voluntary administration process.’
Another building firm has gone into voluntary administration immediately putting a pause on all projects
More to come