DOZENS of local businesses have been left reeling after Mandurah building company Cole Building Pty Ltd went into liquidation last month.
Trading as Colista Homes and Colista Constructions, the company went into liquidation on January 31.
Steven Kugal from the Insolvency Experts was appointed as the liquidator.
More than 50 businesses are on the creditors’ list. Many are owed more between $20,000 and $30,000.
Barbara Becker, from Colourcraft Painting Service, said her business was owed about $60,000.
She said she had been contacting creditors and said it was like opening a “can of worms.”
“They were angry and in disbelief,” Ms Becker said.
“We will be fighting for everyone.”
Ms Becker said a lot of family businesses were affected, many of whom were struggling financially.
“One business owner had to take out a mortgage on her home to pay their bills,” she said.
She said the businesses owed money were from Perth to Bunbury and about half were from Mandurah.
“There are carpenters, plumbers, glaziers and electricians,” Ms Becker said.
She said the liquidation would have a significant impact on the local building industry.
Mr Kugal said he was appointed for the benefit of the creditors.
“We work entirely independently and our role is to get money back for creditors,” he said.
“We will be investigating what happened to the company and looking at their assets.”
Mr Kugal said he was concerned there was some misinformation and apprehension among creditors.
“We will be trying our best to communicate to them,” he said.
A meeting for creditors is planned on Friday at 12pm in Perth.
Ms Becker urged any businesses that were owed money by Colista Homes and were not on the creditors’ list to call her on 0428 727 383.
Colista Homes were contacted but a spokeswoman declined to comment.