Up to $500,000 worth of orders from a Sydney furniture firm remain undelivered after the company entered voluntary administration.
Customers of Inventis furniture brands may be left in limbo after five companies, including Bassett Furniture, Gregory Commercial Furniture, and Workstations, went into voluntary administration in late June.
The ASX-listed group owes nearly $30million, according to ASIC documents.
The furniture companies operated out of Inventis’ premises in Arndell Park, 35km west of Sydney’s CBD.
However, the companies were locked out of their headquarters in mid-June due to unpaid rent.
Administrators Simon Cathro and Andrew Blundell from Cathro and Partners wrote in a report that the landlord issued a termination…