Builder collapses leaving homes unfinished, thousands owed

A Queensland builder has gone into liquidation, leaving angry customers and contractors to realise the large sum of their losses.

Aaron and Elise Steele of Lusso Homes at the 2017 Master Builders Queensland Housing and Construction Awards at Brisbane City Hall.

A SUNSHINE Coast builder has gone into liquidation leaving angry customers and contractors to realise the large sum of their losses.

Maroochydore construction firm Lusso Concepts went into voluntary liquidation on Monday, with Sydney-based liquidator The Insolvency Experts appointed external administrator.

The Australian Securities and Investments Commission lists Aaron Christopher Steel, 34, as director and Elise Louise Fulcher as a shareholder.

Their business is registered to a Savannah Esplanade address in Maroochydore.

Their website says Lusso Concepts specialises in custom-designed boutique residential homes.

The Insolvency Experts owner Steven Kugel said his initial information had come from Mr Steel and his partner Elise Steel, who on the website is listed as Lusso Concepts' creative director.

Mr Kugel said they had indicated costs just in excess of $250,000 owed to 26 creditors.

He said individual amounts ranged from about $550 to $48,000.

"Ultimately creditors will show to us what they say is owing," Mr Kugel said.

He said as far as he could tell there were two homes Lusso Concepts was building that had not been completed.

"Based on the numbers I've seen initially, I'd say I don't think there are a lot of assets in this company.

"We have to work out if any of it or all of it is true."

He said he had written to all creditors seeking their input.

A creditors' meeting is scheduled to be held at Brisbane Airport from 9am on February 15.

Aaron Steel has not returned calls from the Sunshine Coast Daily.

Mr Kugel encouraged creditors to get in touch by calling 02 8378 3777 or emailing [e-mail].

"A liquidator's role is entirely for the benefit of the creditors," Mr Kugel said.