Unsecured creditors owed more than $200,0000 in the Fisher Windows’ liquidation are “highly unlikely” to be paid – with initial estimates of the total debt standing at $888,000.

Revolving Investments Ltd, trading as Fisher Windows Otago, was placed in voluntary liquidation by owner Eric Vaafusuaga on April 26.

Published: The Otago Daily Times by Simon Hartley
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New Zealand Companies Office records for Revolving Investments Limited list Erik Amigo VAAFUSUAGA and Rhonda Janelle VAAFUSUAGA as directors and joint shareholders

Dunedin-founded online retail discount company VoucherMate has been placed in voluntary liquidation by its shareholders, owing potentially $160,000 to preferential and unsecured creditors.

Despite several unspecified injections of cash by shareholders – including from some prominent Otago business people – the recession, “substantial fixed overheads” and staff costs combined to prevent Vouchermate from continuing as a viable operation, the liquidators Insolvency Management’s first report said.

Published: Otago Daily Times by Simon Hartley
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New Zealand Companies Office records for VOUCHERMATE LIMITED list the directors as John Francis GALLAHER and Christopher John BARNES.

FOUR of Steve Crow’s porn companies of which he was sole director have gone belly up.
Critics of his hard-core putrid porn promotion will be crowing loudly, but creditors, including about 30 New Zealand companies, will not be. The shrivelling of his now anaemic porno empire has left him impotent he claims to recompense any of his many unsecured creditors who are owed at least $714,000. In addition his companies owe at least $323,753 to the IRD. The debt will probably increase once the final liquidator’s reports are completed.

Published: business.scoop.co.nz – Society for the Promotion of Community Standards
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New Zealand Companies Office records show:
VIXEN DIRECT LIMITED – Struck Off
LES OBSTACLES DE L’AMOUR LIMITED – Struck Off
EDEN MEDIA LIMITED – in liquidation
Directorships for Stephen Peter CROW include (but not limited to):
VIXEN PUBLICATIONS LIMITED, and
SIDEFX LIMITED

The parent company of top-end menswear retailer Satori has gone into liquidation.

Axiom International went under in the week before Christmas, and owes creditors more than $2 million according to the first liquidator’s report.

More than half this money – $1.15 million – is owed to the ANZ National bank, with unsecured creditors not expected to receive any payments.

Published: National Business Review by Sarah McDonald
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New Zealand Companies Office records for AXIOM INTERNATIONAL LIMITED list Robert Gerard NELSON and Mark Andrew YAXLEY as directors.