Schwarz confirmed to 9news.com.au that the company owes around 200 creditors a total of $2 million, although the liquidators are still gathering information about its affairs.

Sixteen staff had their employment terminated yesterday, and the status of Chatham Homes’ roughly 50 active building projects – which are at various stages of completion – is up in the air.

Schwarz said the industry’s “well known problems” were behind the collapse, including fixed-price contracts, supply constraints and building delays.

As of 1pm today, Chatham Homes’ social media accounts and website are still active.

The latter bills the company as “one of Victoria’s leading boutique home builders”, covering the melbourne, Geelong and Ballarat regions.

In 2022, the company was recognised at the national sustainable…