Melbourne-based home builder Hallbury Homes has collapsed.
Having operated for over 30 years, Hallbury appointed administrator Menzies Advisory principal Michael Caspaney on Wednesday.
Mr Caspaney said 20 Hallbury employees were impacted by the administration.
The company was operating 50 projects across 42 sites in Melbourne.
No dollar figure, in terms of what is owed to creditors, has been provided.
It appears Hallbury was troubled by the slow build speed for its project which severely impacted cash flow.
The company is under the directorship of Glenn Nathan Smith and Clifford Anthony Hall, and is owned by Boynis Pty and CHFT Pty Ltd who are controlled by the duo respectively.
The news comes as LDC, a Brisbane-based luxury home builder, has also gone into administration recently.
