A screenshot of Revolve Design-Build’s website. (Screenshot)
A 20-year-old Wheat Ridge homebuilding company filed for bankruptcy.
Revolve Design-Build, which operates at 11919 West I-70 Frontage Road North, filed for Chapter 11 bankruptcy last month. Chapter 11 bankruptcy allows a business to restructure and keep operating while paying creditors over time.
The company owes $2.4 million to over 115 creditors, according to filings. Owner Jared Phifer signed the filings.
Revolve’s top creditor listed was G. Phifer with an unsecured claim of $300,000 from a loan. It’s unclear if the creditor is related to owner Jared Phifer. The business also lists its landlord as Phifer Properties.
Other creditors include FirstBank (owed $100,000 for a loan), Centennial construction firm Select Building Group Inc. (owed $100,000 for “trade debt”) and Grapes & Sons Excavating out of Black Hawk, owed $72,000.
Revolve listed nearly $500,000 in assets.
The filings show the company’s cash flow slowed this year compared to years past, with only $2.5 million in revenue from January to the filing date, July 28. That compares to $7.5 million earned last year and $5.4 million the year before that.
According to its website, Revolve was founded in 2003 and is a design-build firm, meaning it has in-house designers and builders that work on a project from start to finish together.
According to its website, the company offers a variety of building services such as home additions or remodels, new home building, consulting and designing. It also specializes in energy efficient, or “passive,” home building.
Phifer and his wife Amber appeared on the show “Idea House: Mountain Modern,” which followed the couple designing and building homes in the Rocky Mountains. It aired on the Roku Channel, a free streaming app programmed on Roku TVs.
Attorney Keri L. Riley with Kutner Brinen Dickey Riley PC is representing the company in bankruptcy proceedings. She declined to comment.
A screenshot of Revolve Design-Build’s website. (Screenshot)
A 20-year-old Wheat Ridge homebuilding company filed for bankruptcy.
Revolve Design-Build, which operates at 11919 West I-70 Frontage Road North, filed for Chapter 11 bankruptcy last month. Chapter 11 bankruptcy allows a business to restructure and keep operating while paying creditors over time.
The company owes $2.4 million to over 115 creditors, according to filings. Owner Jared Phifer signed the filings.
Revolve’s top creditor listed was G. Phifer with an unsecured claim of $300,000 from a loan. It’s unclear if the creditor is related to owner Jared Phifer. The business also lists its landlord as Phifer Properties.
Other creditors include FirstBank (owed $100,000 for a loan), Centennial construction firm Select Building Group Inc. (owed $100,000 for “trade debt”) and Grapes & Sons Excavating out of Black Hawk, owed $72,000.
Revolve listed nearly $500,000 in assets.
The filings show the company’s cash flow slowed this year compared to years past, with only $2.5 million in revenue from January to the filing date, July 28. That compares to $7.5 million earned last year and $5.4 million the year before that.
According to its website, Revolve was founded in 2003 and is a design-build firm, meaning it has in-house designers and builders that work on a project from start to finish together.
According to its website, the company offers a variety of building services such as home additions or remodels, new home building, consulting and designing. It also specializes in energy efficient, or “passive,” home building.
Phifer and his wife Amber appeared on the show “Idea House: Mountain Modern,” which followed the couple designing and building homes in the Rocky Mountains. It aired on the Roku Channel, a free streaming app programmed on Roku TVs.
Attorney Keri L. Riley with Kutner Brinen Dickey Riley PC is representing the company in bankruptcy proceedings. She declined to comment.
