Parramatta. Firm back in business

The Parramatta-based, family-owned, Wincrest Homes, has resumed construction after five weeks in voluntary liquidation, owning an estimated $12 million. Creditors approved a deed of company arrangement last month allowing more than 200 tradespeople and contractors to start work again. Wincrest CEO, Michael Caruana, said construction was underway on 103 homes while 90 were in pre-construction phase. The company was established in 1986.