New Zealand

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Vincent Aviation Enters Receivership

Wellington-based aviation company Vincent Aviation, which has about 30 workers, has gone into receivership, Stuff.co.nz reported. In a public notice released today, Stephen Tubbs from BDO was appointed receiver of the company, which was established in 19 ...

Daily Headline - global.abi.org - 10/23/2014 - 20:22 - 0 comments

Helipro Put Into Receivership

Well-known helicopter company Helipro has put itself into receivership, Stuff.co.nz reported. Helipro employs about 70 staff, with eight bases throughout New Zealand and operations in Fiji and Australia. As well as commercial and tourism helicopter fligh ...

Daily Headline - global.abi.org - 10/07/2014 - 18:58 - 0 comments

VnC Cocktails, Makers Of Disick Drink, In Final Death Throes

New Zealand shake and pour cocktails company VnC Cocktails has gone into liquidation after failed attempts to sell it, Sharechat.co.nz reported. The company went into voluntary administration on June 30, was then tipped into receivership a few days later ...

Daily Headline - global.abi.org - 09/10/2014 - 20:46 - 0 comments

Zip For Unsecured Postie Plus Creditors

There's no money in the pot for unsecured creditors of Postie Plus, its administrator says, NZCity reported. The nationwide clothing retailer had 650 employees and 81 stores when it it went into voluntary administration in June, and 580 kept their j ...

Daily Headline - global.abi.org - 09/07/2014 - 20:38 - 0 comments

Buyer Found For Troubled NZ Retailer Postie Plus

The administrators of troubled New Zealand clothing retailer Postie Plus Group Ltd said on Wednesday they have found a likely buyer for the company. The struggling company called in administrators from PricewaterhouseCoopers on Tuesday after its bank ref ...

Daily Headline - global.abi.org - 06/04/2014 - 23:08 - 0 comments

Postie Plus In Administration After Bank Pulls Support

Postie Plus, the worst performing stock on the New Zealand stock market, has appointed administrators after its lenders withdrew support as the company continued to make ongoing losses, The New Zealand Herald reported. The Auckland-based retailer app ...

Daily Headline - global.abi.org - 06/02/2014 - 20:44 - 0 comments

Housing Estate Developer In Receivership

A company developing one of New Zealand's biggest, most intensive affordable housing estates has been put in receivership. More than 420 apartments and townhouses are planned for the Springpark estate on a 10.5ha site in Auckland's Mt Wellingto ...

Daily Headline - global.abi.org - 05/01/2014 - 20:59 - 0 comments

Dunedin Sawmill In Receivership

A sawmill company with about 400 employees and about $100 million in annual sales has been placed in receivership, Stuff.co.nz reported. Brendan Gibson and Michael Stiassny, of KordaMentha, were this afternoon appointed as receivers of Dunedin-headquarte ...

Daily Headline - global.abi.org - 03/03/2014 - 21:47 - 0 comments

Lombard Case Dropped - $10 Million Settlement Reached

The Financial Markets Authority has dropped civil proceedings against four Lombard directors as the failed finance company's receivers have reached a $10 million settlement with the men, their insurers and an unnamed "third party", The N ...

Daily Headline - global.abi.org - 02/23/2014 - 22:20 - 0 comments

Ross Asset Liquidators Look To Claw Back $3.8 Million Paid Out To Three Investors

The liquidators for the Ross Asset Management group of companies found to be a Ponzi scheme are in talks with three former investors over about $3.8 million of payments they received in the two years leading up to the group's eventual collapse last ...

Daily Headline - global.abi.org - 12/19/2013 - 22:33 - 0 comments

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