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Insolvency Watch

Shark Patrol's Insolvency Watch monitors the world wide web in New Zealand for liquidations, receiverships, bankruptcy news as well as reports of convictions of fraud and other 'white collar' crimes'.

However as we also include events such as 'Solvent Liquidations' inclusion on this page does not always mean that the company, the directors and / or shareholders are insolvent.

March 15th, 2012

Categories
Voluntary administration / liquidation

On the 15 Mar 2012 CDS GROUP LIMITED was put into Voluntary Administration.

Companies Office *records for CDS GROUP LIMITED list the following as Director/s:

  • Simon Mark DANIEL of 23 Spinnaker Drive Flagstaff Hamilton

The Administrator is:
Christopher MCCULLAGH and Stephen LAWRENCE – PKF CORPORATE RECOVERY & INSOLVENCY (AUCKLAND) LIMITED
Po Box 3678, Shortland Street, Auckland 1140.
Phone: 09 302 0521
Email: admin@pkfcr.co.nz

Administrator reports: View Companies Office Documents

* As at the time of posting of this notice, and may have changed since.

February 15th, 2012

Categories
Receiverships, Voluntary administration / liquidation

HARBOUR CITY SIGNS LIMITED (in Voluntary Administration from 16 June 2010) was put into Receivership on the 13 Feb 2012.

Companies Office records for HARBOUR CITY SIGNS LIMITED list the following as Director/s:

  • Barrie Edward DYER of 14 Baverstock Road Flat Bush Auckland

The Receiver is:
Christopher MCCULLAGH and Stephen LAWRENCE – PKF CORPORATE RECOVERY & INSOLVENCY (AUCKLAND) LIMITED
Po Box 3678, Shortland Street, Auckland 1140.
Phone: 09 302 0521
Email: admin@pkfcr.co.nz

Receiver reports: Receivers First Report due 17 Apr 2012

December 28th, 2011

Categories
Voluntary administration / liquidation

CORONET PEAK HOTEL LIMITED in Queenstown has voluntarily been put into liquidation, owing more than $1.4 million, after a plunging market, “unsustainable rental” and the building’s poor condition saw it fail this year.

Read the full article on line >>> Otago Daily Times – odt.co.nz

Companies Office records for CORONET PEAK HOTEL LIMITED list David Raymond MERCER of Arthurs Point Queenstown and Roger Murray Lorimer DOLD of School Road Paihia as Director/s.

The Liquidator is:
Christopher MCCULLAGH and Stephen LAWRENCE – PKF CORPORATE RECOVERY & INSOLVENCY (AUCKLAND) LIMITED
Po Box 3678, Shortland Street, Auckland 1140.
Phone: 09 302 0521
Email: admin@pkfcr.co.nz

Liquidator reports: Liquidator First Report due 04 Jan 2012

December 15th, 2011

Categories
Liquidation

Award-winning Rangiora baby nursery products exporter Cariboo, which supplied iconic British luxury store Harrods and US film stars, has been placed in voluntary liquidation with debts of about $1.5 million.

Read the full article on line >>> stuff.co.nz

New Zealand Companies Office records for CARIBOO NEW ZEALAND LIMITED:

November 10th, 2011

Categories
Voluntary administration / liquidation

On the 09 Nov 2011 CINEPLEX 5 LIMITED was put into Voluntary Administration.

Companies Office records list Des Kumar FERMAH of Whakatane and Dave Raj FERMAH of St Marys Bay Auckland as Director/s:

The Administrator is:
Damien GRANT and Steven KHOV – WATERSTONE INSOLVENCY
Po Box 352, Shortland Street, Auckland 1140.
Phone: 0800 256 733
Email: damien@waterstone.co.nz or steven@waterstone.co.nz

Receiver reports: View Companies Office Documents

September 23rd, 2011

Categories
Liquidation

One of Milton’s three petrol stations has gone into voluntary liquidation.

SINCLAIR BROS LIMITED operates as a BP 2 Go franchise service station, owned by Kevin and Janelle MacKay, of Milton. They bought the business 24 years ago.

Read the full article on line >>> Otago Daily Times – odt.co.nz

August 21st, 2011

Categories
Voluntary administration / liquidation

Administrators struggle with voluntary administration procedure. By Maria Slade.

Confusion reigns around the administration of a landmark Auckland wedding venue and restaurant, ALLELY HOUSE LIMITED, with the owner puzzled over what has happened to his business of 28 years.

Read the full article on line >>> stuff.co.nz – Business Day

August 04th, 2011

Categories
Voluntary administration / liquidation

REDGroup Retail’s New Zealand creditors have accepted a deal which gives them about 3 cents in the dollar.

REDGroup, which owned Whitcoulls, Borders and Bennetts bookshops in New Zealand, entered voluntary administration in February at the request of its board.

Read the full article on line >>> stuff.co.nz

August 02nd, 2011

Categories
Voluntary administration / liquidation

Ferrier Hodgson, the administrators of Whitcoulls’ previous owners, REDgroup Retail, have proposed that its unsecured New Zealand creditors be paid out at 3c in the dollar.

The proposal, or deed of company arrangement (DOCA), will be put to creditors at a so-called “‘watershed” meeting set down for Thursday.

Read the full article on line >>> NZHerald – nzherald.co.nz

July 22nd, 2011

Categories
Voluntary administration / liquidation

Several Otago-based franchise operators tied to Signature Homes, Landmark Homes or Jennian Homes were placed in liquidation, initially owing hundreds of thousands of dollars, the parent companies having to step in and take over contracts.

Paul McCrone, the 80% shareholder of RENOVATIONS AND EXTENSIONS DUNEDIN LIMITED (which traded as Smith & Sons in Cumberland St, Dunedin), placed the company in the hands of liquidators Trevor Laing and Associates on July 12.

Read the full article on line >>> The Otago Daily Times – odt.co.nz