The future of a residential building company with unfinished houses in Hamilton and Auckland is unclear today, with creditors owed millions of dollars.
Starplus Homes, a building company based in Hamilton and South Auckland, ceased trading this week and could owe as much as $20 million, insiders say.
The Herald understands staff were told over the weekend not to come back to work and signage from up to 12 partially built homes in Hamilton were taken down leaving homeowners in the lurch.
It's believed Starplus has another 60 projects half completed in South Auckland including at subdivisions in Takanini and Papakura.
The largest creditor, Mitre 10 Mega Hamilton, could be owed as much as $5 million.
Owner Terry Wilson would not confirm an amount but said Starplus was a significant customer of the business.
Wilson said it was too early to speculate whether the company would be put into receivership or liquidated but he was working on putting together a scheme of arrangement to finish the houses.