Cubitt's Granny Flats recommends liquidation due to no binding purchase proposals, $7M debts, and 373 creditors.

The administrators of Cubitt's Granny Flats recommend liquidation due to no binding purchase proposals for the company, which collapsed in February with nearly $7M in debts. The firm identified 373 creditors and has recouped about $400,000 from the sale of assets. An offer to purchase part of the company, including intellectual property and the right to engage with customers under existing building contracts, is being reviewed.

June 10, 2024
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