PremiumPremiumBusiness‘Full throttle’ - IRD steps up January liquidations for unpaid taxInland Revenue confirmed a busy start to the year with the number of court applications.14 Jan 04:00 PM
PremiumPremiumBusinessLifestyle Magazine Group has $70,000 deficit, NZ Life & Leisure magazine continues with new ownerPrinter Webstar is owed $67,000, trade creditors $28,000; the total owed is $95,000.13 Jan 04:00 PM
PremiumPremiumBusinessDavid Jones reports improving result in 2024 accountsLuxury-brand retailer still made a loss in 2024, but had a small improvement.09 Jan 07:41 PM
PremiumPremiumBusinessWhakaari White Island tour company owes $8.5m, liquidators sayJust $53,000 in assets as liquidators work to sell what they can.07 Jan 10:26 PM
PremiumPremiumAnalysisJane PhareDu Val downfall: From champagne, private jets to receivership and $250m debtIt was a lifestyle of flashy opulence - until the money ran out.30 Dec 11:00 PM
PremiumPremiumBusinessProLink calls in liquidator, 190 laid off a week before Christmas'This is just so sad, just before Christmas' - liquidator Pritesh Patel on ProLink NZ.17 Dec 08:41 PM
PremiumPremiumBusinessNational, local companies are creditors of Rotorua housing projectThe financier wants $28.2m; unsecured creditors are listed as being owed another $167,000.16 Dec 06:33 PM
PremiumPremiumBusinessDu Val court hearing pencilled inJudge this week will be considering PwC’s application for information in the case.15 Dec 09:58 PM
PremiumPremiumPropertyFlorida funder loaned $28.2m to Rotorua housing projectLiquidator expects no loss to customers.15 Dec 08:44 PM
PremiumPremiumBusinessReceivers, liquidator in charge of Rotorua's Mountview Green final stagesReceiver says 22 homes completed, not settled; 20 more in various stages of construction.11 Dec 08:02 PM
PremiumPremiumBusiness'Where's my son's $75,000?': Refund plea in Auckland housing schemeMore than 50 buyers are owed money from the planned development.05 Dec 01:34 AM
PremiumPremiumBusinessAuckland buyers owed $2.03m for homes never built, land not even bought'We need a law change in NZ to protect young, first-time home buyers' - insolvency expert.04 Dec 12:49 AM
PremiumPremiumBusinessDu Val receivers PwC due in court against Charlotte and Kenyon Clarke tomorrowThe case revolves around access to information and PwC escaping paying Remuera home rent.01 Dec 04:00 PM
PremiumPremiumBusiness'I bleed orange but this is awful': Mitre 10 selling properties to repay debt'Sale of several non-strategic property assets [to] re-cycle capital, reduce debt.'29 Nov 12:00 AM
PremiumPremiumBusinessProperty Insider: $244k bill for Gulf Harbour Country Club’s owner; Here comes Santa ClausIt's the most wonderful time of the year, especially when Precinct goes tree generous.25 Nov 04:00 PM
Business$3.3b landlord says dramatic financial turnaround vindicates Sylvia Park strategyChief executive Clive Mackenzie says the results give the company more confidence.24 Nov 08:32 PM
PremiumPremiumBusiness'Burning cash' - insider on Mitre 10's 'horrific' software system upgradeAuditors PwC: Cited disruptions to operations from that IT upgrade.20 Nov 12:02 AM
PremiumPremiumBusiness'Easy sales are not there any more' - liquidator of Chch real estate officeHead office had terminated arrangements with agency for non-payment of fees - liquidator.14 Nov 04:00 PM
BusinessDelay looms for FMA case against Du Vul founders unable to secure lawyerFMA action could be stalled by lack of lawyer but PwC action will proceed as planned.14 Nov 04:33 AM
PremiumPremiumBusinessJones Lang LaSalle fined $5000 for trust account audit breachBreaches occurred inadvertently due to a miscommunication and a change, JLL says.07 Nov 10:09 PM
PremiumPremiumBusinessSkyCity AGM: Shareholder criticism for non-compliance, regulatory actions by authoritiesShareholder said company had been mismanaged and asked about accountability.31 Oct 01:21 AM
New Zealand'I’ve just signed my life away to that woman': Partner's plea for help after changing willThe alterations, made when he had dementia, meant less went to his three daughters.20 Oct 12:00 AM
Banking and financeEye-watering $237m debts run up by failed Du Val, first statutory report reveals'A number of limitations in respect of these financial records' - PwC on Du Val entities.26 Sep 04:28 AM
PremiumPremiumConstructionStonewood Key’s John Chow on house building; Du Val-managed apartments suffer setbacks'Our current focus is on finishing our existing projects': John Chow, Stonewood Key23 Sep 05:00 PM
PremiumPremiumBanking and financeWhy Fletcher Building needs $700m in extra capital'Capital raise keeps the wolves from the door' - analyst Andrew Scott of Morgan Stanley.23 Sep 12:08 AM
PremiumPremiumBanking and finance$3.6m liabilities: PwC report on Sportcraft boating businessesStaff, Inland Revenue and many others are listed as being owed money by the two companies.18 Sep 08:29 PM
PremiumPremiumBanking and financeEleven most important topics before picking a builder: G.J. Gardner chief'In a challenging economy, it pays to ask a few challenging questions.'18 Sep 05:00 PM
PremiumPremiumBanking and financeDu Val's legal tsunami: eight court cases pending against businessesTwo advisers listed in a Du Val document told PwC they did not have any involvement.05 Sep 05:25 AM
PremiumPremiumBanking and financeA Du Val business valued at $431m? Receiver notes no independent valuationNo external valuation to show one entity was worth $431m, according to new PwC report.04 Sep 10:46 PM
PremiumPremiumBanking and financePonsonby’s Chapel Bar & Bistro: Who is claiming money, how much is owedList of creditors just released shows IRD, bank, food and drink suppliers are owed money.04 Sep 04:50 AM
PremiumPremiumConstructionNew house-building business couldn't survive downturn: $8.9m liabilitiesKPMG will now go about realising assets in an attempt to repay company debts.03 Sep 09:19 PM
PremiumPremiumBanking and finance'Improper' Covid cash claim: Ministry takes hotel building contractor to courtIssue over nearly $250,000 in pandemic-era wage subsidies.02 Sep 08:33 PM
PremiumPremiumAnalysisJane PhareDu Val downfall: From champagne, private jets to receivership and $250m debtNow Du Val investors and creditors want their money.02 Sep 04:00 AM
PremiumPremiumBanking and financeELE collapse: Deloitte repaying staff $4.1m owed, BNZ gets full amountReceivers have collected about 85% of the total amount owed by debtors.30 Aug 12:24 AM