Source: https://propbd.co.nz/category/u-column/2010/
Timestamp: 2018-09-21 01:02:24
Document Index: 609322213

Matched Legal Cases: ['art 4', 'art 1', 'art 2', 'art 3', 'art 4', 'art 2', 'art 3', 'art 1', 'art 4', 'art 1', 'art 2', 'art 3', 'art 4', 'art 5', 'art 1', 'arts 2', 'art 5', 'art 2', 'art 3', 'art 1', 'art 4', 'art 1', 'art 2', 'art 3', 'art 4']

2010 Archives - The Bob Dey Property Report
U: The names behind the action, the week to 26 December 2010, part 4
on Monday 27 December 2010 in 2010
Turn the page: Part 1,Part 2, Part 3,Part 4
RD6 Cafe Restaurant & Bar 2007 faces liquidation
Receivers at Scott Denning (now Saison Restaurant)
Sandstone Associated Products closes
Hall closes Searchcom (2008) & Standard 460
Sky Blue Investments closes
Bridgecorp director Steigrad banned
Sunset Entertainment faces liquidation
Martin’s Sentinel company Takapuna Village closes
Waitakere trust company TTCF West Auckland closes
Waterman Building Supplies closes
White Rose Cabinets closes
Rich closes Xeon Properties
Barnes closes Zephur Motor Co
The Ucolumn is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations, including the closure of solvent companies.
Many of the items in the U column are derived from the Auckland High Court’s liquidations lists, which have finished for the year. The court officially resumes business in February, but there are some cases scheduled for January. The first liquidations list is set down for Friday 28 January.
Application to wind up: RD6 Cafe Restaurant & Bar 2007 faces liquidation
Defendant: RD6 Cafe Restaurant & Bar 2007 Ltd
Directors: Malinda Edwards, Matakana
Applicant: Matakana Museum Ltd
Hearing date: Wednesday 16 February at 10.45am
Receivership: Receivers at Scott Denning (now Saison Restaurant)
Company: Saison Restaurant Ltd (ex-Scott Denning Ltd)
Directors: Scott Denning, Epsom
Receivers: Glen Gernhoefer & Geoff Walker (WHK Partnership)
Other details: The company changed its name on 1 December.
Voluntary liquidation:Sandstone Associated Products closes
Company: Sandstone Associated Products Ltd
Directors: Nigel Blackmore, Panmure
Creditors’ claims: Friday 11 February
Voluntary liquidation: Hall closes Searchcom (2008) & Standard 460
Company: Searchcom (2008) Ltd & Standard 460 Ltd
Directors: Andrew Hall, Scotts Landing
Liquidation: 24 December
Creditors’ claims: Friday 4 February
Other details: Mr Hall is a director of OEH Holdings Ltd & QB Finance Ltd, and a former director of Halls Radio & Electrical Services Ltd.
Voluntary liquidation:Sky Blue Investments closes
Company: Sky Blue Investments Ltd
Directors: Duane Davies, Adelaide, ex-Beachlands
Liquidation: 23 December
Other details: The company contracted to buy development land in Northland as trustee for the Sky Blue Trust, but said the vendor couldn’t deliver because of ground instability and also hadn’t refunded the deposit. Mr Davies is a director of Castlebar Capital Ltd, Davies Group Holdings Ltd, DMD Finance Ltd (removed from register April) & Sky Blue Investments Two Ltd, and a former director of Angas Securities NZ Ltd, Debt Capital Management Ltd & Tosland Holdings Ltd.
Banned from managing a company: Bridgecorp director Steigrad banned
Banned person: Peter Steigrad, Sydney
Start date: 7 December 2010
Finish date: 7 December 2015
Banned person’s interests: Mr Steigrad is a director of Bridgecorp Ltd and a former director of J Walter Thompson International (NZ) Ltd, Young & Rubicam Holdings Ltd. He faces trial in 2011 on Securities Act charges, along with the rest of Bridgecorp’s directors. Receivers were appointed to Bridgecorp in July 2007 and it was wound up in August 2008.
Application to wind up: Sunset Entertainmentfaces liquidation
Defendant: Sunset Entertainment Ltd
Directors: Megan McCabe, Northcote Pt
Applicant: Neville Newcomb Ltd
Other details: Ms McCabe is a director of Club Crow Bar Ltd, Franklin Cage Ltd (removed from register April), Green Grass Ltd & Nachos Ltd.
Voluntary liquidation: Martin’s Sentinel company Takapuna Village closes
Company: Takapuna Village Ltd (as trustee of the Takapuna Village Trust)
Directors: Rick Martin, Red Beach
Liquidators: Gareth Hoole & Andrew Turner (Staples Rodway Ltd)
Creditors’ meeting: Tuesday 11 January at 10am, at registered office, Tower Centre, 45 Queen St
Creditors’ claims: Tuesday1 February
Other details: The company was the corporate trustee for the Takapuna Village Trust, which developed the Sentinel apartment tower in Takapuna. The liquidators have noted in their report that apartment sale prices post-2008 were well below those when the project started in 2006. The company has 2 apartments left with a book value of $3.5 million, still owes secured creditors $16.2 million and has an estimated $13.6 million net deficit. Mr Martin is a director of Albany City 2005 Ltd, Albany City Development Corp Ltd, Albany Investment Holdings Ltd, Albany Land Trust Ltd, CDCA Ltd, Cornerstone Group Ltd, EMC Property Services Ltd, Moana Court Ltd, Northern Advisory Ltd, North Shore Properties Ltd, North Shore Property Investments Ltd, North Shore Residential Ltd, Silverstone Business Park Ltd, South East Properties Ltd, Waimauku Estate Ltd & several trustee companies.
Voluntary liquidation:Waitakere trust company TTCF West Auckland closes
Company: TTCF West Auckland Ltd
Directors: Ross Clow, Titirangi; & Warren Flaunty, Henderson
Liquidators: Grant Brownlee (UHY Haines Norton (Auckland) Ltd)
Other details: The company advised the Trusts Charitable Foundation, which distributes funds for the Waitakere Licensing Trust, but Mr Flaunty said in his 2010 trust president’s report the Department of Internal Affairs had classified the company’s expenses as excessive & unnecessary. Mr Flaunty was a Waitakere City councillor and was elected in October to the Henderson-Massey, Rodney & Upper Harbour Local Boards, the Waitemata District Health Board & the Waitakere Licensing Trust. He’s a director of Cedel Downs Ltd, Massey Pharmacy Ltd, Norsga Properties Ltd, The Trusts Community Foundation Ltd & Westgate Pharmacy Ltd. Mr Clow, also a former Waitakere City councillor, was Portage Trust president for 11 years. He’s been elected to the Henderson-Massey Local Board. Mr Clow is a director of Blacklock & Francis Ltd, Gaia Food Ltd & The Trusts Community Foundation.
Voluntary liquidation:Waterman Building Supplies closes
Company: Waterman Building Supplies Ltd
Directors: John Beveridge, St Heliers
Solvent: No assets or liabilities, but a possible voidable transaction claim against it
Liquidators: Anthony McCullagh & Steve Lawrence (PKF Corporate Recovery & Insolvency (Auckland) Ltd)
Creditors’ claims: Tuesday 15 February
Other details: Mr Beveridge is a director of Fletcher Distribution Ltd, Inzievar Properties Ltd, Placemakers Ltd and numerous building supply companies (many of them no longer in use). This company was sold as a going concern in November 2008. 49% owner was Waterman Enterprises Ltd (Mark Waterman, Hamilton).
Voluntary liquidation:White Rose Cabinets closes
Company: White Rose Cabinets Ltd
Directors: Mohammed Zahim, Manurewa
Creditors’ claims: Friday 14 February
Other details: The company changed its name from Ziyaad Cabinets Ltd in July 2009. Mr Zahim is a director of White Rose Stylish Living Joinery Ltd (incorporated 1 April) & Whiterose2010 Ltd (incorporated 11 November).
Voluntary liquidation: Rich closes Xeon Properties
Company: Xeon Properties Ltd
Directors: Glenn Rich, West Harbour
Creditors’ claims: Tuesday 1 February
Other details: Mr Rich is a director of BTR Properties Ltd, Ca’Bella Holdings Ltd (in liquidation 2003), DNS Contracting Ltd, Earthtec Plant Hire Ltd, Earthtec Projects Ltd, GJR Contracting Ltd, Goodrich Investments Ltd, Margarita Management Service Ltd, Monarc Projects Ltd & Richwill NZ Ltd.
Voluntary liquidation:Barnes closes Zephur Motor Co
Company: Zephur Motor Co Ltd
Directors: Geoffrey Barnes, Onehunga, appointed 26 July; William Barnes Takapuna, resigned 27 July
Creditors’ claims: Monday 21 February
Other details: The company was a car dealer.
U: The names behind the action, the week to 26 December 2010, part 2
290 Parnell Road closes
Alpha & Omega Steel Processing closes
Architectural Design Studio faces liquidation
Birkdale Properties closes
CGAF sells business & closes
Gordon closes 3 more property companies
Hudson closes City Rentals Trustees
Dadel Projects faces liquidation
Drive Direct closes
Vuleta closes 3 Elephant Motorsport companies
Fris Co faces liquidation
Grant Thornton closes Auckland company
Bradley closes Had Enough
Hanham’s Buses closes
Voluntary liquidation: 290 Parnell Road closes
Company: 290 Parnell Road Ltd
Directors: James Brown, Freemans Bay; Scott Macindoe, Great Barrier Island; Trevor Rands, Epsom; Simon Rowntree, Orakei; & Scott Soroka, St Heliers
Liquidators: Glen Gernhoefer & Catriona Knapp (WHK Partnership)
Creditors’ claims: Friday 28 Jauary
Other details: The company owned a parking rental business. Mr Brown & Mr Rowntree are directors of Tournament Parking Ltd & related companies. Mr Rands is a director of Believe It NZ Ltd, Cain 2010 Ltd, Grimsaw’s False Claim Ltd, Kotare Securities Ltd, Lambie Drive Holdings Ltd, Rands Robinson Realty Ltd, Tiger Woods Ltd & Triple Eight Corp Ltd.
Voluntary liquidation: Alpha & Omega Steel Processing closes
Company: Alpha & Omega Steel Processing Ltd
Directors: David & Willise Ruga, Mahia Park
Application to wind up: Architectural Design Studio faces liquidation
Defendant: Architectural Design Studio Ltd
Directors: Michael Barber, Browns Bay
Applicant: Fuji Xerox Finance Ltd
Hearing date: Friday 28 January at 10am
Other details: Mr Barer is a director of AD Studio Ltd.
Voluntary liquidation:Birkdale Properties closes
Company: Birkdale Properties Ltd
Directors: Greg & Margaret Martin, Glenfield; John & Maxine Rothery, Forrest Hill
Liquidators: Christine Sinko (Moxey Aitken Broadbent)
Other details: Mr Martin & Mr Rothery are directors of Birkdale Service Station Ltd (in liquidation 12 February, removed from register 29 October).
Voluntary liquidation:CGAF sells business & closes
Company: CGAF Ltd
Directors: Wayne Wellington, Papamoa
Solvent: Yes, the company’s building certification business sold
Creditors’ claims: Friday 28 January
Voluntary liquidation: Gordon closes 3 more property companies
Companies: City Central Ltd, City Central Trustee Ltd & Lorien Property Ltd
Directors: Gary Gordon, Takapuna
Solvent: Lorien – yes
Other details: Mr Gordon put 3 other solvent trustee companies – Hargest Trustees Ltd, Hereford Street Trustees Ltd & Wingnut Ltd – into liquidation on 25 November. He’s a director of Bankside Developments Ltd, Caledonian Road Trustees Ltd, Calibre St Albans Ltd, Cashel Street Trustees Ltd, Legacy Auckland Ltd, Legacy Christchurch Ltd, Legacy Corp Ltd, Legacy Trading Ltd, Legacy Wellington Ltd, Mt Hobson Legacy Trustees Ltd, Salisbury Rentals Ltd, Taranaki Trustees Ltd & Three Steps Forward Ltd.
Voluntary liquidation: Hudson closes City Rentals Trustees
Company: City Rentals Trustees Ltd (now Bamboo Two Ltd)
Directors: Brian Hudson, Ponsonby
Applicant for court-ordered liquidation: Body corp 329331, adjourned on 8 December to Wednesday 9 February
Other details: The company changed its name on 20 December. Westpac NZ Ltd appointed receivers of rents at this & 3 related companies in November 2008 and ended the receivership as far as this company was concerned on 18 February. Mr Hudson is a director of 53 Greenlane Road Ltd, Bakersfield Property Ltd (in liquidation), BH Property Investment Ltd, Cherry Investment Properties Ltd, Cherry One NZ Ltd, City Group Ltd, City Property Holdings Ltd, City Property Investment Group Ltd, CTR1 Ltd, CTR3 Ltd, Greylynn Lodge Ltd, Nacional Ltd, & St Vincent Ltd.
Application to wind up: Dadel Projects faces liquidation
Defendant: Dadel Projects Ltd
Directors: Florence Clapham, Remeura
Applicant: Public Trust
Hearing date: Wednesday 9 February at 10.45am
Voluntary liquidation: Drive Direct closes
Company: Drive Direct Ltd
Directors: Melissa & Nicolas O’Neil, Western Heights
Other details: The company closed its vehicle trading business in August. M O’Neil is a director of Gulf European Ltd (incorporated March).
Voluntary liquidation: Vuleta closes 3 Elephant Motorsport companies
Company: Elephant Motorsport Co Ltd, Elephant Motorsport Construction Ltd & Elephant Management Co Ltd
Directors: Stephen Vuleta, St Heliers
Liquidators: Kim Thompson, Hamilton chartered accountant
Other details: Mr Vuleta is a director of Caleta Asset Management Ltd, Caleta Sport Management Ltd, Caleta Streetrace Management Ltd & Tandem Enterprises Ltd.
Application to wind up: Fris Co faces liquidation
Defendant: Fris Co Ltd (ex-The Northern Clinic Medical & Surgical Centre Ltd)
Directors: Jan & Robert Fris, Takapuna
Applicant: Matthew Todd Vesey (trading as Cladrite Developments)
Hearing date: Friday 11 February at 10.45am
Other details: The company changed its name in February 2009. Both Frises are directors of Northern Vein Clinic Ltd & Northridge Specialists Ltd and Mr Fris is a director of Haris Ltd and Obesity Management & Surgical Procedures NZ Ltd.
Voluntary liquidation:Grant Thornton closes Auckland company
Company: Grant Thornton Auckland Ltd
Directors: The accountancy firm has 12 directors
Solvent: Yes, group restructuring
Liquidators: Michael Dunshea (Grant Thornton NZ Ltd)
Creditors’ claims: Tuesday 25 January
Other details: The business continues under the Grant Thornton NZ name.
Voluntary liquidation: Bradley closes Had Enough
Companies: Had Enough Ltd
Directors: Tony Bradley, Rotorua
Liquidation: Had Enough
Other details: Mr Bradley is a director of TPB Properties Ltd.
Voluntary liquidation: Hanham’s Buses closes
Company: Hanham’s Buses Ltd
Directors: Jeanette & Richard Hanham, Albany
U: The names behind the action, the week to 26 December 2010, part 3
Receivers follow liquidators into Embroidme Penrose company JLZ Enterprises
Joydon Productions closes
FM Custodians in possession against at 195 Khyber Pass Rd
LJL closes
Makruti closes
Mokum Textiles enters administration
Ocean Rock faces liquidation
Receivers enter Optima Construction day before vote on debt compromise
OT Holdings closes
Pathway Therapeutics closes NZ company
NZ Fresh-Cuts renamed, closes
Playzone NZ closes
Positive Impression Co closes
Liquidation & receivership: Receivers follow liquidators into Embroidme Penrose company JLZ Enterprises
Company: JLZ Enterprises Ltd (trading as Embroidme Penrose)
Directors: Brent Martin, Penrose
Receivership date: 14 December
Receiver: Curtis Mountfort (Mountfort & Associates Ltd)
Appointed by: Carlton Finance Ltd
Voluntary liquidation: Joydon Productions closes
Company: Joydon Productions Ltd
Directors: David Burton, Mission Bay; John Burton, Remuera; & Mark Rowbotham, Mangawhai
Other details: David Burton is a director of Bureau de Cafe Ltd, CC Auckland Ltd, Coffee Machine Services Ltd & Jack’s Coffee Co Ltd. John Burton is a director of CC Auckland, Coffee Connection Ltd, Coffee Connection 2006 Ltd, Columbus Coffee Ltd, Dilmah NZ Ltd, Dilmah’s Gift Shop Ltd, EE Auckland Ltd, John Burton Ltd & PCG (2007) Ltd. Mr Rowbotham is a director of JBD Echo-Waste Systems Ltd, Mangawhai Self Storage Ltd, Quality Furniture NZ Ltd & Traverse Developments Ltd.
Mortgagee in possession: FM Custodians in possession against at 195 Khyber Pass Rd
Property: Grafton,195 Khyber Pass Rd
Borrower: Khyber Investments (2009) Ltd
Director: Edward Johnston, Swanson
Lender:FM Custodians Ltd
Entry into possession: 14 December
Other details: FM Custodians entered into possession ofrents & received income from 195 Khyber Pass Rd. FM Custodians previously took possession of the property last year when it was owned by Tidal Holdings Ltd (director James Nash, Blockhouse Bay; ED Johnston & Co Trustees Ltd was a shareholder; Tidal Holdings’ liquidators said they’d sold the property, with a large deficit expected). Mr Nash’s Nash Properties Ltd was wound up in February. The NZ Guardian Trust Ltd appointed Peter Drennan & Damien Grant (Waterstone Insolvency) as receivers of income for Nash’s property at Papakura, 192 Airfield Rd, in November 2009. Mr Nash put 6 companies into liquidation in April 2009 – Andromeda Developments Ltd, Bella Vista 2006 Ltd, East Tamaki Retail Holdings Ltd, LNG Management Ltd, Nandina Developments Ltd & Tidal Holdings – and the liquidators said then they expected mortgagees to take possession of some of their properties. Mr Nash is also a director of Airfield Holdings Ltd, Bethlehem Residential Holdings Ltd, Eastern Laundromats Ltd, Kiln Developments Ltd, Live Work Developments Ltd, Palm Court Ltd, Parkhurst Properties Ltd, Pio Pio Investments Ltd, Riverslea Lifestyle Village Ltd & Tidal Investments Ltd, and a former director of Lady Ruby Developments Ltd. Mr Johnston is a director of Akro Properties Ltd, BSJ Holdings Ltd, Caram Property Ltd, Caram Property Trustees Ltd (settled application by Omara Property Group Ltd to wind it up in November), Ed Johnston & Co Trustees Ltd, Henderson Valley Investment Ltd, Johnston Bros Forestry Ltd, Johnston Property Holdings Ltd, Lakeview Properties Trustees Ltd, Lauregan Finance Ltd, Lauregan Financial Services Ltd, Lauregan Holdings Ltd (which faces liquidation on Friday 11 February), Lauregan Investments Ltd, Lauregan Rentals Ltd, Lydford Property Trustees Ltd, Pineshare Forestry Ltd, Poys Technologies Ltd, Richmond Road Properties Ltd, Samms Publishing Co Ltd, Semesis Investments Ltd, Sem Services Ltd, Sunesis Europe Ltd & Williamson Avenue Investments Ltd.
Voluntary liquidation:LJL closes
Company: LJL Ltd
Directors: Jamie McCulloch, Whitianga
Liquidators: Nicholas Hayes, Hamilton
Voluntary liquidation: Makruti closes
Company: Makruti Ltd
Directors: Kashmira Chunilal, Pt Chevalier
Liquidators: Christine Dunphy & Jessica Redican (Shephard Dunphy Ltd, Wellington)
Voluntary administration: Mokum Textiles enters administration
Company: Mokum Textiles Ltd
Directors: Edwin Rysenbry, Kohimarama
Appointment date: 22 December
Administrators: Gareth Hoole & Kevin Pitfield (Staples Rodway Ltd)
Creditors’ meeting: Wednesday 12 January at 10am, Staples Rodway, 45 Queen St
Other details: Mr Rysenbry is a director of Jasper Partnerships Ltd
Application to wind up: Ocean Rockfaces liquidation
Defendant: Ocean Rock Ltd
Directors: Dianne Wright, Kaiapoi
Hearing date: Wednesday 16 February at 10am
Other details: Ms Wright is a director of Above & Beyond Ltd, Above & Beyond Incentive Management Ltd, Glendayree Ltd, Hamiltons Motors 1978 Ltd (removed from register February), Machair Ltd, North Canterbury Ag Ltd (in liquidation August 2009) & Ocean Rock Specialist Vehicles Ltd, and a former director of Lancewood Rural Properties Ltd (a lifestyle block developer at Oxford, North Canterbury, wound up 18 October; Ms Wright resigned 23 June).
Receivership: Receivers enter Optima Construction day before vote on debt compromise
Company: Optima Construction Ltd
Directors: Biljana Teshich, Freemans Bay
Receivership date: 22 December
Receivers: John Cregten & Justin Bosley (Corporate Finance Ltd)
Other details: The company had proposed a compromise scheme with its creditors which relied on sale of 3 properties in Capital Place, Papatoetoe, with John Gilbert (C&C Strategic Ltd) as trustee. A creditors’ meeting had been schedule for 23 December. Ms Teshich is a director of BT Concept Ltd & Optima Solutions (*NZ) Ltd.
Voluntary liquidation:OT Holdings closes
Company: OT Holdings Ltd
Directors: John Sutton, Upper Hutt
Other details: Mr Sutton is a director of CKJ Leasing Ltd, Mercury Consulting Ltd & OT Holdings (2011) Ltd (incorporated 31 May).
Voluntary liquidation: Pathway Therapeutics closes NZ company
Company: Pathway Therapeutics Ltd
Directors: William Charles, Takapuna; Julie Cherrington, San Diego, California; Joshua Funder Melbourne; Mark Harvey, Brisbane; & Hilary Lewis, Arch Hill
Solvent: Yes, shareholder restructuring affairs
Liquidators: Richard Agnew & Grant Burns (PWC)
Other details: The company is owned by Pathway Therapeutics Inc, San Francisco. Mr Charles is a director of Ebonz Ltd & Haloipt Ltd, and is a former director of Saratan Therapeutics Ltd. Ms Lewis is a director of Breast Cancer Cure Ltd, Breast Cancer Cure Ventures Ltd, Murder Burger Ltd & Murder Burger Ponsonby Ltd.
Voluntary liquidation: NZ Fresh-Cuts renamed, closes
Company: Pimento Ltd (ex-NZ Fresh-Cuts Ltd)
Directors: Ashley Berrysmith, Remuera
Liquidators: Jonathan Wilgermein (BDO Auckland Ltd, Pakuranga)
Other details: The company changed its name on 4 November. Mr Berrysmith is a director of AB FAP 1 Ltd (& 2), AFB Trustee Ltd, Aquaponic Ventures Ltd, Berrysmith Foundation Ltd, Berrysmith Foundation Incubator Ltd, Cheshire Number Five Ltd, Farmer Bills Ltd, Fraisbon Foods Ltd (removed from register December 2009), Fresh A Peel GP Ltd, Grand Central Kitchen GP Ltd, Jetranger III Ltd (removed from register 2008), Nasa Project Co Ltd, New Hemisphere Ltd, Snap Fresh Foods Ltd & Sun Sprout Ltd.
Voluntary liquidation:Playzone NZ closes
Company: Playzone NZ Ltd
Directors: Paul Brunton, Papakura
Other details: The company made & installed playground equipment. Mr Brunton is a director of Morgan Design Ltd (removed from register 2007) & MPB Enterprises Ltd.
Voluntary liquidation: Positive Impression Co closes
Company: Positive Impression Co Ltd
Directors: Manasi Deshpande, Sunnyvale
U: The names behind the action, the week to 26 December 2010, part 1
on Wednesday 22 December 2010 in 2010
U: The names behind the action, the week to 19 December 2010, part 4
on Sunday 19 December 2010 in 2010
Turn the page: Part 1,Part 2, Part 3,Part 4,Part 5
Access Productions faces liquidation
Auckland Concrete Homes faces liquidation
Baby Catcha closes
Receivers enter Wistrands’ companies & partnership
Bute Road Properties, Radius Property Holdings & Sun Living close
City Rentals Trustees faces liquidation
Eastside Pools closes
Eco Build North Shore faces liquidation
2 of Hoffman’s Global trust companies close
GMAC Financial Services NZ & Cari close
Receivers follow liquidators into JLZ Enterprises
Jonathan Hunt closes after assets sold
Lorian faces liquidation
Machinery Consultants companies face liquidation
Items in part 1 of this week’s U column are from a receivership and Andrew Krukziener’s decision to file for bankruptcy. Items in parts 2-3 are from the Auckland High Court liquidations & miscellaneous lists on Wednesday 15 December, before Associate Judges Roger Bell & John Faire.
Application to wind up: Access Productionsfaces liquidation
Defendant: Access Productions Ltd
Directors: Callum MacEwan, New Lynn
Hearing date: Friday 11 February at 10am
Other details: Mr MacEwan is a director of Acme Camera Hire Ltd.
Application to wind up: Auckland Concrete Homes faces liquidation
Defendant: Auckland Concrete Homes Ltd
Directors: Jason Frost, Morningside; & Tony Songhurst, Howick
Applicant: Gunac Central Auckland Ltd (in liquidation)
Hearing date: Friday 4 February at 10.45am
Other details: Mr Frost is a director of Create Ltd, Group Masonry Ltd & Group Masonry Franchising Ltd. Mr Songhurst is a director of the Group Masonry companies & Songhurst Rentals Ltd.
Voluntary liquidation: Baby Catcha closes
Company: Baby Catcha Ltd
Directors: Justine Penney, Kerikeri
Liquidation: 8 November
Liquidators: Roy Horrocks & Garry Whimp (McDonald Vague & Partners Ltd)
Receivership:Receivers enter Wistrands’ companies & partnership
Company: BE & LA Wistrand Ltd, BE & LA Wistrand (the partnership) & Hoanga Kumara Co Ltd
Directors: Brian (both) & Lexine (BE & LA) Wistrand, Hoanga, Dargaville
Receivership date: 7 December
Receivers: Dennis Wood & Boris van Delden (McDonald Vague)
Voluntary liquidation:Bute Road Properties, Radius Property Holdings & Sun Living close
Company: Bute Road Properties Ltd, Radius Property Holdings Ltd & Sun Living Ltd
Directors: Linda Kirby, Grey Lynn (appointed to Bute Road & Sun Living 3 December); David Glenn, Narrow Neck (resigned from Bute Road & Sun Living 3 December)
Solvent: Bute Road & Sun Living have no assets; Radius Property Holdings has a $500,000 tax bill, no other assets or liabilities
Creditors’ claims: Thursday 13 January
Other details: Radius Properties Ltd (Mr Glenn; Sherry & Sandy Maier, Devonport) owns all 3 liquidated companies. Radius is an investment group which owns & operates assets in the aged-care sector and was run until last year’s annual meeting by Tony Hannon & Chris Holmes. Radius bought out Seniorcare Asset Management Ltd (ex-Radius Asset Management Ltd; directors Mr Hannon & Mr Holmes) as owner of Bute Road & Sun Living in February. Mr Glenn was Radius managing director and his company, Ascot Capital Management Ltd, was its manager, but Radius bought back their shares on 27 September. Bute Road was formed to acquire a Browns Bay development property but the development didn’t proceed and the property was sold. Sun Living owned intellectual property and was bought by Radius in September 2009, but the business didn’t go ahead. Ms Kirby is a director of IP Services Ltd (in liquidation 2006) & Kirbson Ltd. Mr Glenn is a director of Ascot Capital Ltd, Ascot Private Equity Ltd, Certus Solutions Ltd, Harbottle Holdings Ltd, Hidden Value Ltd, IMP Diversified Income Fund Ltd, Peppertree Apartments Developments Ltd, Saturn Invest Holdings Ltd, Summit Equity Fund Ltd & Viaduct Health Ltd. Mr Maier – ex-Citibank and the man who tried to resuscitate South Canterbury Finance Ltd in its final months before receivership, is a director of Fronde Systems Group Ltd, Learning Media Ltd, McConnell Ltd, Mighty River Power Ltd, Ngai Tahu Capital Ltd, Oyster Bay Marlborough Vineyards Ltd, Pathfinder Asset Management Ltd, Perpetual Capital Management Ltd & The Ultimate Care Group Ltd.
Earlier story, 29 October 2010: Radius Properties shares sold at 17% discount at auction
Application to wind up: City Rentals Trusteesfaces liquidation
Defendant: City Rentals Trustees Ltd
Applicant: Body corp 329331
Other details: Westpac NZ Ltd appointed receivers of rents at 4 of Mr Hudson’s companies in November 2008, terminating 14 June this year. Mr Hudson is a director of 53 Greenlane Road Ltd, Bakersfield Property Ltd (in liquidation), BH Property Investment Ltd, Cherry Investment Properties Ltd, Cherry One NZ Ltd, City Group Ltd, City Property Holdings Ltd, City Property Investment Group Ltd, CTR1 Ltd, CTR3 Ltd, Greylynn Lodge Ltd, Nacional Ltd, & St Vincent Ltd.
Voluntary liquidation: Eastside Pools closes
Company: Eastside Pools Ltd (ex-Southern Pools Ltd)
Directors: Glen Jillings, Botany Downs; & Robert Thomas, Pakuranga
Other details: Mr Jillings & Mr Thomas are directors of some companies removed from the register several years ago, including Calypso Pools Ltd, and Mr Thomas is director of Project Pools Ltd (incorporated 2 November).
Application to wind up: Eco Build North Shorefaces liquidation
Defendant: Eco Build North Shore Ltd
Directors: Keith Aldous, Greenhithe
Applicant: Nick Letica Building Supplies Ltd
Other details: Mr Aldous is a director of Cairn Developments NZ Ltd (removed from register February), Architecture 24 Ltd & North East Ltd.
Voluntary liquidation: 2 of Hoffman’s Global trust companies close
Company: Global Legacy Trust Ltd & Global Succession Trust Ltd
Directors: Peter Hoffman, Hamilton
Liquidator: Iain McLennan (McDonald Vague & Partners Ltd)
Other details: Mr Hoffman was bankrupt 1984-87 after the cheap-homes schemes he ran in Auckland collapsed. One liquidator’s report filed this month says Mr Hoffman died in February, but no companies of which he’s a director have been updated this year with director changes. He remains listed as a director of Agape Charitable Trust Ltd, Crystal Platinum Ltd, Golden Trees Group of Companies Ltd & 4 other Golden Trees companies, Global Development Finance Corp Ltd (incorporated in February), Global Technology Bonds Ltd, Inner Circle Trade Ltd, Mecca NZ Ltd (also incorporated in February) & numerous other Mecca companies, Old Money Family Trust Ltd (wound up 17 May), Perpetual Power Ltd & 3 other Perpetual Power companies, The Investors Protection Co Ltd (in receivership & liquidation) & World of Homes Ltd.
Voluntary liquidation: GMAC Financial Services NZ & Cari close
Company: GMAC Financial Services NZ Ltd & Cari NZ Ltd
Directors: Bruce Noakes, Hobsonville; Maxwell Piggott, Brisbane; & Arun Sarabjit, East Tamaki Heights
Liquidators: Brian Mayo-Smith & Andrew Bethell (BDO Auckland Ltd)
Other details: The companies are owned by GMAC Inc (now Ally Financial Inc, 16.6% owned by General Motors, 56% by the US Treasury through its bailout programme at December 2009). GMAC Financial Services turned round from an $8.3 million loss in 2008 to a $4.7 million profit in the December 2009 year on revenue down from $58.2 million to $32.1 million, but also reduced borrowing costs from $41.3 million to $14 million after deciding to close its New Zealand businesses from the start of 2009.
Voluntary liquidation, receivership: Receivers follow liquidators into JLZ Enterprises
Company: JLZ Enterprises Ltd
Creditors’ claims: F
U: The names behind the action, the week to 19 December 2010, part 5
Malbec Construction closes
Matakana Estate creditors’ meeting Thursday, receivers at 4 Vintage companies
Microb closes
Mt Eden Motorcycles closes
Norian Construction closes
RF & SS Investments closes
Kells closes Stone D’Amarres
Strand Family closes
Te Moana Insurance closes
Top Click closes
Travel West City faces liquidation
Troy Residential & Construction faces liquidation
Waitakere Finance closes
Voluntary liquidation:Malbec Construction closes
Company: Malbec Construction Ltd
Directors: Deborah & Stanley Miller, Red Beach
Liquidators: Steven Khov & Peter Drennan (Waterstone Insolvency)
Creditors’ meeting, receivership: Matakana Estate creditors’ meeting Thursday, receivers at 4 Vintage companies
Companies: Matakana Estate Ltd, Vintage 2008 (A) Ltd, Vintage 2008 (B) Ltd, Vintage 2009 (A) Ltd & Vintage 2009 (B) Ltd
Directors: Helen & Peter Vegar (all), Paul Vegar (the Vintage companies), Snells Beach
Liquidation: 21 November – Matakana Estate
Liquidators: Digby Noyce & Keith Mawdsley (RES Corporate Services Ltd)
Creditors’ meeting: 23 December at 2pm, Albany, North Harbour Stadium
Receivership: 9 December – the Vintage companies
Receivers: Boris van Delden & Dennis Wood (McDonald Vague & Partners Ltd)
Other details: The Vegars also put Dream B Ay Ltd, Goldridge Estate Ltd into liquidation on 21 November. The liquidators said they’d keep Matakana Estate operating as a going concern while they looked at selling it. They also said major suppliers & customers had expressed their willingness to continue trading with it. The company doesn’t own its own vineyards, but bought grapes under supply agreements. They Vegars are directors of Kea Wines Ltd, various Savvy Vineyards companies, Vegar Vineyards Ltd, Vegar Vineyard Investments Ltd, Wineserve Laboratory Ltd & a number of vintage companies, and former directors of Hillersden Vineyard Contracting Ltd, TVDC Ltd (ex-The Vines Development Co Ltd & ex-Matakana Estate Ltd; South Canterbury Finance Ltd appointed receivers 23 August when its $2.3 million debt was overdue; TVDC also owed Matakana Estate $466,000; director Paul Vegar) & Vegar Properties Ltd. Ms Vegar is also a director of Jean Vegar Trust Ltd, and Mr Vegar of Marlborough Vineyard Co Ltd & Peter Vegar Trust Ltd.
Voluntary liquidation: Microb closes
Company: Microb Ltd
Directors: Robyn Smith, New Lynn
Other details: The company was a manufacturer & retailer of uniforms. Ms Smith is a director ofCanaan Productions Ltd (in liquidation 25 November).
Voluntary liquidation: Mt Eden Motorcycles closes
Company: Mt Eden Motorcycles Ltd
Directors: Christopher Goodhue, Mt Roskill; & Michael O’Sullivan, Massey
Liquidators: Roy Horrocks & Boris van Delden (McDonald Vague & Partners Ltd)
Creditors’ claims: Monday 31 January
Other details: Mr Goodhue is a director of Goodrichardsonhue Properties Ltd.
Voluntary liquidation: Norian Construction closes
Company: Norian Construction Ltd
Directors: John Northam, Hauraki; Ian Brown, Torbay, resigned 21 June and has died
Other details: Mr Northam is a director of Hauraki Gulf Construction Ltd (incorporated 2 Juy) & Northam Building Ltd.
Voluntary liquidation:RF & SS Investments closes
Company: RF & SS Investments Ltd
Directors: Raelene Farrell & Simon Swasbrook, Panmure
Solvent: Yes; the company’s property was sold before liquidation and its mortgage repaid
Other details: Mr Swasbrook is a director of Auckland School Bus Co Ltd and Auckland Tour & Even Management Ltd. Ms Farrell is a former director of Auckland School Bus Co.
Voluntary liquidation: Kells closes Stone D’Amarres
Company: Stone D’Amarres Ltd
Liquidators: Peri Finnigan & Boris van Delden (McDonald Vague & Partners Ltd)
Other details: Mr Kells was the developer of the Soho Square project in Ponsonby, which the receivers are trying to sell. An application to wind up Mr Kells’ Marlin Group Ltd is set down for hearing on Tuesday 15 March. Mr Kells is also director of a number of other property development companies, including Campbell Road Developments Ltd, Cape Hill Ltd, Charlotte Street Developments Ltd, Eve’s Trust Ltd, Gulf Harbour Marlin Ltd, Logan Ltd, Marina Ltd, Paerata Investment Ltd, Pollen Street Ltd, Pollen Street Freehold Ltd, Ponsonby Ridge Properties Ltd, Pukekohe East Ltd, Selwyn Mews Ltd, Soho Square Ltd, St Martins Freehold Ltd, Takanini Industrial Ltd, Takanini Structure Plan Area 6 Ltd, Whangape Estate Ltd & Zenith Apartments Ltd.
Voluntary liquidation: Strand Family closes
Company: Strand Family Ltd
Directors: Danielle, Fleur & Gaye Stand, Kumeu
Other details: The company manufactured office furniture. The Strands are all directors of Strand Investments Ltd.
Voluntary liquidation:Te Moana Insurance closes
Company: Te Moana Insurance Ltd
Directors: Robert Bingham & Stephen Westerlund, Salt Lake City, Utah
Solvent: Yes, part of restructuring
Liquidators: Bruce Gemmell & Andrew Hawkes (Ernst & Young Transaction Advisory Services Ltd, Christchurch)
Creditors’ claims: Friday 7 January
Voluntary liquidation: Top Click closes
Company: Top Click Ltd
Directors: Mike Lough, city
Application to wind up: Travel West Cityfaces liquidation
Defendant: Travel West City Ltd
Directors: Terence Hodges, Te Atatu South
Applicant: JC Deal Ltd
Other details: Mr Hodges is a director of Brankels Ltd.
Application to wind up: Troy Residential & Constructionfaces liquidation
Defendant: Troy Residential & Construction Ltd
Directors: Peter Burgess, Waimauku; & Joseph Hickton, Kumeu
Applicant: Carters (a division of Carter Holt Harvey Ltd)
Hearing date: Friday 4 February at 10am
Other details: Mr Burgess & Mr Hickton are directors of Troy Project Management Ltd. Mr Hickton’s BHC Construction Ltd was wound up on 8 October.
Voluntary liquidation: Waitakere Finance closes
Company: Waitakere Finance Ltd
Directors: Tony Forlong, West Harbour
Other details: Mr Forlong is a director of Gear Up Clothing Ltd, KTS Kumeu Ltd, Kumeu Taxation Services Ltd, Kumeu Taxation Trustee Co Ltd, McLucky International Ltd, McLucky Manufacturing Ltd, Teak Silverstone Ltd & Teak Trustee Co Ltd.
U: The names behind the action, the week to 19 December 2010, part 2
on Thursday 16 December 2010 in 2010
U: The names behind the action, the week to 19 December 2010, part 3
Updated: U: The names behind the action, the week to 19 December 2010, part 1
on Monday 13 December 2010 in 2010
Andrew Krukziener bankrupt
Receivers enter Pike River Coal
Bankruptcy: Andrew Krukziener bankrupt
Bankrupt: Andrew Krukziener, St Heliers
Bankruptcy date: 15 December, debtor’s petition
Applicant for court order: Inland Revenue
Other details: Mr Krukziener filed for bankruptcy late morning, one day ahead of his return to court for the resumption of his application for court approval for an insolvency proposal. His scheme was opposed by Inland Revenue but he’d hoped to secure an informal agreement with the department. When that failed, bankruptcy was inevitable and he chose to file for it himself rather than wait for the court order.
Receivership: Receivers enter Pike River Coal
Company: Pike River Coal Ltd
Directors: Dipak Agarwalla, Mumbai; chairman John Dow, Nelson; Arun Jagatramka, Kolkata; Sanjay Loyalka, Perth; Ray Meyer, Castor Bay; Stuart Nattrass, Christchurch; Tony Radford, Sydney; & Surendra Sinha, Dhaiya, Jharkhand, India
Receivers: David Bridgman, John Fisk & Malcolm Hollis (PWC)
Appointed by: NZ Oil & Gas Ltd, which controls 42% of the shares (50% including 2011 options)
Other details: The company, owner of the Pike River mine north of Greymouth where 29 miners died in last month’s underground gas explosions, reported a $39 million net loss for the June year and net assets of $262 million. Pike River shares were suspended from trading on the NZX today. Mr Dow said: “The company finds itself in a precarious position financially as a result of the events of the last 3 weeks. The only prudent action we could take was to approach our major creditors and advise them we were unlikely to be able to repay our loans at the end of the standstill period that NZOG & the Bank of NZ offered us after 19 November.”
U: The names behind the action, the week to 12 December 2010, part 4
on Sunday 12 December 2010 in 2010
Turn the page: Part 1,Part 2,Part 3,Part 4