Troubled construction company goes into liquidation
Tuesday, 6 August 2019
A construction company operating as Platinum Homes in the greater Wellington region has gone into liquidation.
Grant Thornton New Zealand has been appointed liquidator of Mass Construction.
It held the franchise for Platinum Homes in greater Wellington and Wairarapa.
It was reported early last year that customers were upset about delays in new builds.
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At that point, some of the clients still waiting for houses had signed contracts two years earlier.
Are you affected? Email susan.edmunds@stuff.co.nz
The liquidator has been approached for comment.
Platinum Homes said it would terminate the licence.
'Some time ago it came to my attention our licensee for Wellington and Kapiti Coast was breaching our policies and procedures,' said chief executive Dave Andrew,
'We worked very closely with him to try and resolve the issues he was facing, however the disconnect between him and Platinum Homes could not be fixed, leaving us with no choice but to terminate his licence.
'We realise this is not good news for our customers and suppliers in the region. We are in contact with all of our customers, and will be liaising with our suppliers both national and local, to ensure they are fully informed about what is happening.
'We will work closely with all of our customers during this difficult time to ensure the building of their new home runs smoothly.
'This decision is solely related to our agreement with the licensee for Wellington and Kapiti Coast and does not reflect in any way on Platinum Homes' financial position.'