Sovereign Homes goes into liquidation

A Sovereign Home in Albany. File photo / supplied

Auckland-based home building firm Sovereign Homes New Zealand Ltd has collapsed.

Peter Chatfield and Stephen Tietjens of Accru Smith Chilcott Ltd are handling the liquidation and were called in by the company's shareholder.

"It is very early at this stage but it is fairly clear that we will not be able to complete the contracts," Chatfield said. The company employs about 11 people.

The liquidators would be in touch with customers and would try to help them to find new builders, he said.

The company is a contractor to Kensington Park, a resort style neighbourhood being built at Orewa north of Auckland.

Sovereign started in 1997 and has built well over 1500 homes, according to its website.

It is one of the country's largest, wholly-owned, non-franchised, residential builders.

Homes come with a materials and workmanship guarantees.

The company has one director, Peter Wood of St Heliers, Auckland, who is the only shareholder via another company.

- NZPA