Sika Homes won awards for its builds, including for this home in Onehunga. Auckland housebuilder Sika Homes has gone into liquidation. The company was paid $121,000 through the Government wage subsidy scheme, but was put into liquidation on June 18. Liquidators Steven Khov and Kieran Jones said they had been advised Sika Homes' failed because excessive labour costs and other project cost overruns eroded profit and margins resulting in an unsustainable business model. The liquidators' report showed debts of just under $400,000 were owed by the company to creditors.

Source: Stuff June 30, 2020 02:15 UTC