Melbourne-based prefab home builder Archiblox was more than $5.5 million in debt when it went into voluntary administration in February, and may have been trading insolvent for more than 18 months.
These were some of the findings in a preliminary report from liquidators Vince & Associates which was handed to ASIC on May 22.
The report revealed the company had been trading with a significant deficiency since June 30, 2018 and was now investigating whether an insolvent trading claim could be made against Archiblox director Bill McCorkell.
Creditors should note that a claim for insolvent trading is complex and requires asignificant amount of investigations, director of Vince & Associates Paul Langdon stated in the report.
My investigatio…
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