
Du Val investor worried after interim receivership
'It’s been nearly two years since I’ve been paid anything.' - Du Val investor
'It’s been nearly two years since I’ve been paid anything.' - Du Val investor
Around 500 people live in the high-rise.
Family-owned importer put into liquidation on August 5.
The apartment and townhouse development group has been put into interim receivership.
One increasingly worried subcontractor complained of being owed around $500,000.
Police confirmed there were no suspicious circumstances. No official inquiry is necessary.
Director blamed the pandemic as well as a failure to secure urgent funding to keep going.
Staff have moved into the new Wellington headquarters.
Breaches which occurred during a three-year period resulted in a tribunal ruling.
The company, which made the clothes and sold them at NorthWest, has gone under.
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A modular housing project has a big financial fallout, liquidators picking up the pieces.
'Risks will remain until the project is completed,' Fletcher said of unfinished NZICC.
Tanya Lieven's conduct is under the microscope for the third time.
Buyer must strike a deal with the Crown to agree to continue to operate giant skifield.
The amount is far worse than the approximately $5m initially thought to be owed.
BNZ, Fletchers, Carters, Steel & Tube, plumbers and roofers are among those owed money.
Company struggled to raise money to pay a fine after eruption tragedy.
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A big change aimed at boosting profits ended up backfiring.
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IRD debts put at $475,000, unsecured creditors owed $433,000, staff are owed $51,000.
Grant Thornton is now in charge of the construction business, which built 700 state homes.
Director said video company was 'another victim of Covid', according to liquidator.
Payment so far is only 35c in the dollar. Deloitte plans a further distribution soon.
The move came after concerns subcontractors were not being paid.
Green shoots evident but some tough times still ahead, especially in construction.
'Interfacing between new and legacy systems while we transition to our new platform.' CEO