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Auckland building company Heartland Homes in liquidation

The home-building boom is being blamed for the collapse of a construction firm working on 25 house sites between Clevedon and Warkworth.

Wednesday, October 29th 2003

The liquidators for Heartland Homes said in an initial report that the rising cost of materials and labour – fuelled by the boom – was one cause of the company's demise.

The Master Builders Federation is helping Heartland clients.

Under a guarantee system, Master Build Services – a subsidiary of the federation – has backed the Heartland building deals.

Master Build is legally obliged to find new builders and fix problems at sites where Heartland had been building.

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