IRD pursues 44 sushi companies run by Auckland businessman James Hwang

YB Sushi is sold in 51 New World and Pak’nSave stores in the North Island, according to its website. Photo / Facebook

A major supplier of sushi products to Foodstuffs’ supermarkets is facing the liquidation of more than 40 of its companies.

Inland Revenue has filed an application in the High Court at Auckland to liquidate 44 companies run by Auckland businessman James Hwang.

All of the companies are owned by either YB Sushi Holdings or YB Sushi Catering Holdings – neither of which are subject to Inland Revenue’s application.

Hwang is the sole director and shareholder of both companies, according to the Companies Office.

Inland Revenue declined to comment on the matter under section 18 of the Tax Administration Act, requiring confidentiality for specific taxpayer matters.

YB Sushi makes sushi products fresh in-store for 51 New World and Pak’nSave stores in the North Island, according to its website.

Two of the companies being pursued by Inland Revenue – YB PNS Kapiti and YB NW Matamata – are overdue in their tax obligations.

“If the annual return is not filed immediately the registrar will initiate action to remove the company from the register,” a notice on the Companies Office says.

A Foodstuffs spokesperson said: “We work with and support a wide range of suppliers, and it’s always difficult to see when any of our suppliers face financial challenges.

“Foodstuffs North Island has no financial interest in YB Sushi. They are a supplier to Foodstuffs North Island.”

The Herald has contacted Hwang for comment.

The application is set to be heard in the High Court at Auckland on November 27.

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