The collapse of Wellington’s Signature Homes franchise has cost the parent company “hundreds of thousands” to fix, and creditors owed more than $1 million are unlikely to get their money back.
When Signature franchisee Pinehill Project Management was put into receivership in May Jessica Hutchings was left with a concrete slab instead of a dream home in Upper Hutt.
She said Signature Homes had kept its word and set her up to get a new house. “I’m pretty happy.”
Ms Hutchings said new quotes to build the home she had agreed to were up to $60,000 dearer than the original contract she signed with Signature.
General manager Phillip Howe said the company was still committed to guaranteeing the original quotes for all clients left out in the cold, including making up the difference for new building contracts.
“I don’t have the total yet but (it has cost) hundreds of thousands of dollars,” he said.
Four clients were being looked after under their Master Builders guarantee and the remaining five were getting new building agreements to complete their home.
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