Central Coast home builder Clarke Homes to be wound up
A popular Central Coast building company that went into administration owing millions to creditors – and with numerous unfinished projects – will be wound up.
NSW
Don't miss out on the headlines from NSW. Followed categories will be added to My News.
A popular Central Coast building company that went into administration owing millions to creditors and with numerous unfinished projects will be wound up.
Gorokan-based Clarke Homes, formerly trading as Hotondo Homes, was placed into administration on January 24.
A second creditors’ meeting on February 17 officially confirmed the decision to place the company into liquidation.
Jason Porter and Joshua-Lee Robb of SV Partners were appointed as administrators.
According to Australian Securities and Investments Commission (ASIC) records, the business was first registered in March 2017, with Jonathan Allan Clarke listed as the sole director.
At the time of the administrators’ appointment, the company was working on 18 building projects at various stages of completion, with an additional 11 projects awaiting council approval.
A recent report estimates the total amount owed to creditors as $3.69 million, including $3.5 million owed to trade creditors and homeowner claims, and $200,000 owed to the Australian Taxation Office.
According to the administrators’ report, an initial review of the company’s cash flow requirements confirmed that continued trading during voluntary administration was not viable.
“We have commenced discussions with a number of local builders regarding the assignment and/or novation of existing building contracts or the introduction of a replacement builder for affected customers,” Mr Porter said in his report.
“We have yet to receive any offers or proposals from these builders; however, we will discuss potential options with existing homeowners if they become available.
“Our priority is to assist homeowners as much as possible. Once project files are in a state that allows for transfer, we will contact homeowners regarding their projects and the process involved.”
According to the report, the company began experiencing financial difficulties around October 1, 2024.
Two weeks ago, Alesha McNamara told The Daily Telegraph they spent just under $400,000 on what was meant to be their dream home.
“Every tradesman we spoke to was owed money. Through the build process, we had different tradesmen start and finish jobs,” they said.
“We’re just lucky we got a house in the end.”
Ms McNamara estimated the defects in her home to be worth tens of thousands of dollars.
Since their appointment, the administrators have taken several steps, including engaging with local builders to secure the assignment and of building contracts or to introduce replacement builders to affected customers.
They have also held discussions with iCare regarding the HBC Fund, informing homeowners on how to lodge claims and expected time frames for processing insurance claims.
“In our opinion, any return to creditors will depend on various factors, such as asset realisations, potential claims, total creditor claims, and administrator/liquidator costs and disbursements,” the report stated.
In a statement, Building Commission NSW said they have received complaints from six individuals about Clarke Homes Pty Ltd regarding a range of building work related issues.
More Coverage
Originally published as Central Coast home builder Clarke Homes to be wound up
Ground ‘covered in junkie needles’ ahead of kids sporting event
Several syringes have been found strewn across the grass near a major international sports stadium in the lead-up to one of the state’s biggest junior sporting events of the year.
Poll officials ‘work crowd’ at controversial citizenship blitz
AEC officials are reminding new citizens of their “responsibility” to vote as Home Affairs Minister Tony Burke starts churning through three days of citizenship ceremonies in crucial western Sydney election seats.