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Home / Hawkes Bay Today

Hawke's Bay Seafoods says it plans to defend a bid to put it into liquidation

Hawkes Bay Today
8 Nov, 2019 01:14 AM2 mins to read

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Nino D'Espito: Hawke's Bay Seafoods is not trading, but it's not going into liquidation. PHOTO/FILE

Nino D'Espito: Hawke's Bay Seafoods is not trading, but it's not going into liquidation. PHOTO/FILE

An application by a marine electronics company to put former fisheries giant Hawke's Bay Seafoods into liquidation will be opposed, although the company is no longer trading.

Managing director Nino D'Esposito said it's over a disputed debt, and added: "Hawke's Bay Seafoods is not going into liquidation. We are defending it."

The application has been lodged by Auckland-based Electronic Navigation Ltd, established in 1945 and said to be the largest marine electronics company in New Zealand.

A statement of claim filed in the High Court on October 31 outlines $40,800.46 debt claimed for marine electronics and services, related to installation of monitoring equipment on joint-venture vessel fishing vessel the Glomfjord, provided from December last year to May this year, and collections costs.

The plaintiff company says it is the outstanding amount after three part-payments of $2000 each, but the defendant had neglected to pay the remainder.

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D'Esposito said while Hawke's Bay Seafoods is no longer trading, having sold the processing, exporting and retailing business to Ngati Kahungunu Holding Company, now running the Pandora-based operation as Takitimu Seafoods, it is not being wound-up.

"We've kept the name," he said.

He is acting as a consultant when needed but the application before the court does not affect Takitimu Seafoods in any way, he said.

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In February Hawke's Bay Seafoods, two associated companies and directors were fined a combined total of over $1 million relating to breaches of fish catch regulations it had denied in lengthy court proceedings in Wellington.

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