Homeowners have warned of the red flags in the days leading up to the building company’s collapse, including email bounce backs and disconnected phone lines.

EXCLUSIVE
Another building company has collapsed, leaving homeowners, tradies and staff in limbo with debts of $3.5 million.

News.com.au can reveal that last Thursday, Alpha Building Group Pty Ltd went into liquidation.

All staff have been sacked and 10 homeowners across the Greater Melbourne area have been left with unfinished projects following the company’s demise.

Brent Morgan of insolvency firm Rogers Reidy, the appointed liquidator, told news.com.au that more than 100 creditors are owed $3.5 million.

About $2.5 million of that is from material costs while sub-contractors are owed just under a million and consultants are owed “a small amount” of between $15,000 to $20,000.

Three days before Alpha went bust, on January 15, news.com.au understands that a staff member tried to attend their workplace but were turned away as the company had ceased trading.

Blake*, a dad-of-three, has been left devastated by the news, with fears his plans for a $1.8 million dream home have gone up in smoke.

“Me and my wife have been saving for six years, we’ve just started a new business, it’s really come at a terrible time,” the 39-year-old homeowner told news.com.au.