Sydney construction firm Simone Homes collapses owing millions to tradies and homeowners

Another building company has gone bust, leaving dozens of devastated tradesmen unpaid and customers without a completed home.

Family-run Simone Homes Pty Ltd based in Leppington in Sydney’s south-west went into voluntary liquidation last week owing at least $1.65million, according to a creditor’s report.

The amount owed is expected to rise with many creditors yet to submit proof of debt claims.

It’s understood six construction sites have been impacted by the Simone Homes collapse.

There are 11 secured creditors and 53 unsecured creditors which include subcontractors, suppliers, banks, customers and the Australian Tax Office.

Bradley John Tonks from insolvency firm PKF has been appointed as the liquidator.

Established in 2014, Simone Homes’ total assets are worth $816,000 but some have a realisable value of zero, according to the liquidator’s report. 

Simone Homes customers are furious.

‘Horrendous company to work with. Save yourself the money and the trouble and go somewhere else,’ a Google review posted a week ago states.

‘You’re better off letting a five-year-old build your property.’

Another disgruntled former customer claims their home built a few years ago now leaks. 

‘Tried to contact the builder multiple times just to get some advice on how to fix the issue properly, but they neither replied to my emails nor answered my phone calls,’ the Google review posted a month ago states.

Daily Mail Australia has contacted Simone Homes for comment. 

The company’s social media accounts have been taken down while its website  simply states ‘we’re building a new client experience’.

‘We are Sydney’s choice for bespoke, design and build partners. We’re dedicated to providing excellent quality, design and service,’ its now-deleted LinkedIn page stated.

The company describes itself on the Leppington Living website as a ‘trusted home builder’.

‘Basing our foundations on quality, design and trust, we take pride in being one of the most reliable home builders in Sydney. Having rich experience in delivering well-built homes, we are known for our exceptional and on-time services,’ it states.

‘With the proven track record of our workmanship, we are not just any Sydney builders but the ones who value your “Dream Home” and strive to make it a reality.’ 

Simone Homes joins a lengthy list of building companies which have gone into administration in the post-lockdown period, as the construction industry struggles with the soaring cost of materials and staff shortages.