Archive | 2004

U: The names behind the action, the week to 26 December 2004

Contents:



 


Treloar’s 3 Porter companies wound up


Salic Developments gets adjournment


Te Hau Aroha gets building supplies claim adjourned


Another adjournment for Third Millenium


Waitangi Doco Co wins time


Zeno wound up


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


26 December 2004:


 


The first 6 entries in this week’s U column are from the Auckland High Court liquidations list on Tuesday 22 December.


 


Court liquidation: Treloar’s 3 Porter companies wound up


Defendant: Porter Asset Management Ltd, Porter Asset Management No 1 Ltd & Porter Trustee Ltd


Directors: Nathan Treloar, Parnell


Applicant: Inland Revenue


Liquidators: Richard Agnew & Vivian Fatupaito (PWC)


 


Adjourned hearing: Salic Developments gets adjournment


Defendant: Salic Developments Ltd


Directors: Ivica Salic


Applicant: Body corporate 116029


Adjournment date & time: 3 February


Directors’ other main interests: The company is owned by Salic Trustee Ltd, which is owned by Ivica Salic. Both companies were formed in February.


 


Adjourned hearing: Te Hau Aroha gets building supplies claim adjourned


Defendant: Te Hau Aroha Maori Trust Board (trading as Whakaaratamaiti Building Fund, Putaruru)


Trustees: Last recorded trustees Gloria Martin & David Ormsby, Panmure


Applicant: Bunnings Ltd (trading as Benchmark Building Supplies)


Adjournment date & time: 3 February


 


Adjourned hearing: Another adjournment for Third Millenium


Defendant: Third Millenium Investments Ltd


Directors: Dean Gibbs, Henderson


Applicant: Inland Revenue


Adjournment date & time: 3 February


Directors’ other main interests: Mr Gibbs is also a director of Just Leisurewear Ltd (in liquidation) and Love Clothing Australasia Ltd.


 


Adjourned hearing: Waitangi Doco Co wins time


Defendant: Waitangi Doco Co Ltd


Directors: Don Selwyn & Ruth Kaupua


Applicant: Inland Revenue


Adjournment date & time: 3 March


Directors’ other main interests: Inland Revenue has an application back in court on Thursday 27 January to wind up another of the directors’ 7 companies, Short Enz Productions Ltd.


 


Court liquidation: Zeno wound up


Defendant: Zeno Ltd


Directors: Eugen Sokin, Gulf Harbour


Applicant: Aristocrat Technologies NZ Ltd


Liquidators: Official Assignee

Continue Reading

U: The names behind the action, the week to 19 December 2004, part 3

Contents:



 


Japanese property investor KTY folds


Le’Kreme faces liquidation


Receivers at Taylors’ Lennox Corp


Milano Restaurant (Viaduct Harbour) faces liquidation


IRD pursues Molten Couriers


Newfin folds


Friths & Walker close Omega, Goss & Vision after sale


IRD pursues Don’s Orewa Properties & Sharon Holdings


New move to wind up Oxford Construction


Prime Motor Corp faces liquidation


Holden closes Property Development Trustee Co


Property Treasury folds


Road Profilers & Bobcats folds


Stones Shoes (1994) folds


IRD pursues Lancaster’s Tasman Capital Corp


Te Haeata Productions folds


IRD pursues The NZ Collection Agencies


United Networks Shareholders Society folds


Verax Consulting faces liquidation


Waitemata Backcare Beds (Mt Wellington) folds


Waterfeatures NZ faces liquidation


Wayne Anderson company folds


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


A 2nd section of the U column contains cases on the Auckland High Court’s liquidations list heard on Thursday 16 December.


 


19 December 2004:


 


Voluntary liquidation: Japanese property investor KTY folds


Company: KTY Ltd


Directors: Kyoshiro, Tadahiko & Yasuhiko Imagawa, Japan


Liquidation: 6 December


Liquidators: Brian Leaning (HLB Wylie McDonald Ltd)


Creditors’ claims: Monday 24 January


Directors’ other main interests: The company owned a Ti Rakau Drive property.


 


Application to wind up: Le’Kreme faces liquidation


Defendant: Le’Kreme Ltd


Directors: Elena Kremechnaia & Leonid Kremechnyi


Applicant: Lasertone Ltd (trading as House of Camille)


Application date: 26 November


Hearing date & time, High Court: Wednesday 2 March at 10am, Auckland


 


Receivership: Receivers at Taylors’ Lennox Corp


Company: Lennox Corp Ltd


Directors: Colin Lennox Taylor & Mark Taylor


Receivership date: 13 December


Receivers: Grant Graham & Brendon Gibson (Ferrier Hodgson)


Directors’ other main interests: The Taylors head the troubled RetailX Ltd, Retail Services Ltd & Stirling Sports Franchises Ltd group.


 


Application to wind up: Milano Restaurant (Viaduct Harbour) faces liquidation


Defendant: Milano Restaurant (Viaduct Harbour) Ltd


Directors: Linda Bleakley


Applicant: Inland Revenue


Application date: 9 November


Hearing date & time, High Court: Thursday 10 February at 10am, Auckland


Directors’ other main interests: Ms Bleakley is also a director of Bleakley Trustee Ltd & Erinda Holdings Ltd.


 


Application to wind up: IRD pursues Molten Couriers


Defendant: Molten Couriers Ltd


Directors: Aroha Tenamu


Applicant: Inland Revenue


Application date: 24 November


Hearing date & time, High Court: Thursday 3 February at 10.45am, Auckland


 


Voluntary liquidation: Newfin folds


Company: Newfin Ltd


Directors: Cameron Loader & Craig Rathbone


Liquidation: 13 December


Solvent: Yes


Liquidators: Richard Burge & Brian Walshe


Creditors’ claims: Monday 17 January


Directors’ other main interests: Mr Loader & Mr Rathbone are directors of Crosstown Investments Ltd, Finagle Investments Ltd, Finkohe Ltd, Finkura Ltd, Finstar Management Ltd, Hillfield Development Ltd, Quill Communications Ltd, Starfin Investments Ltd & Westfin Ltd, and Mr Rathbone is also a director of Cradoks Investments Ltd & CR Trust Ltd.


 


Voluntary liquidation: Friths & Walker close Omega, Goss & Vision after sale


Company: Omega Distributors Ltd, Goss Holdings Ltd & Vision Resources Ltd


Directors: Carol & Malcolm Frith & Graham Walker


Liquidation: 13 December


Solvent: Yes


Liquidators: Robert Willis (CST Nexia Ltd)


Creditors’ claims: Friday 31 December


Directors’ other main interests: The companies’ businesses were sold on 1 April to another party, who continues to operate them. The Friths are also directors of Abbavon Holdings Ltd, Church Stores NZ Ltd & CS Properties Ltd, Mr Frith is a director of SU Wholesale Ltd and Mr Walker is a former director of Abbavon.


 


Application to wind up: IRD pursues Don’s Orewa Properties & Sharon Holdings


Defendant: Orewa Properties Ltd & Sharon Holdings Ltd


Directors: Darrin Don


Applicant: Inland Revenue


Continue Reading

U: The names behind the action, the week to 19 December 2004

Contents:



 


Peace closes Altos Investments & Phigra No 7


IRD pursues Aurora Decorator


Auto Imports faces liquidation


Zhang’s Automotive Repair Center (NZ) faces liquidation


Azul & Tinta fold


Bledisloe Nominees folds


Bristol Investments (ex-Food Chain) folds


Carlin Engineering Supplies NZ faces liquidation


Computer House folds


Euro Agencies (1992) folds


Brown closes Felton Mathew Properties, Global Cleaning, Northland Shelf 125 & Whangarei Investments


Feurer’s Futronics folds


Hardware Engineering Supplies folds


High Fields Estate Ltd


Homestyle Replacement Windows & Doors folds


Hotel Computer Systems folds


Hugo’s Frog Bar folds


Hutchens Builders folds


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


A 2nd section of the U column contains cases on the Auckland High Court’s liquidations list heard on Thursday 16 December.


 


19 December 2004:


 


Voluntary liquidation: Peace closes Altos Investments & Phigra No 7


Company: Altos Investments Ltd & Phigra No 7 Ltd


Directors: Ross Mathieson (Altos) & Brian Peace (both)


Liquidation: 14 December


Solvent: Yes


Liquidators: Jeff Meltzer & Karen Mason (Meltzer Mason Heath)


Creditors’ claims: Monday v17 January


Directors’ other main interests: Mr Peace is a director of Peace Software NZ Ltd & associated companies and both are directors of Counterpoint Investments Ltd.


 


Application to wind up: IRD pursues Aurora Decorator


Defendant: Aurora Decorator Ltd


Directors: Uhila Paea-He-Lotu & Bianni Falekulaetoa Manase, Manurewa


Applicant: Inland Revenue


Application date: 10 November


Hearing date & time, High Court: Thursday 3 February, Auckland


The company was struck off the register in March. Uhila Paea-He-Lotu Manase is a director of Elite Quality Painter Ltd.


 


Application to wind up: Auto Imports faces liquidation


Defendant: Auto Imports Ltd


Directors: Jonathan Toogood


Applicant: Tokyo Auto Trading Ltd


Application date: 9 November


Hearing date & time, High Court: Wednesday 22 December at 10am, Auckland


Directors’ other interests: The application came before the court on 16 December, neither party appeared and it was adjourned to 10 February. Mr Toogood is also a director of Asia Pacific Electronics Ltd, Asia Pacific Marine Ltd & Smart Mobile Ltd.


 


Application to wind up: Zhang’s Automotive Repair Center (NZ) faces liquidation


Defendant: Automotive Repair Center (NZ) Ltd


Directors: Tony Zhang


Applicant: Inland Revenue


Application date: 19 November


Hearing date & time, High Court: Thursday 27 January at 10.45am, Auckland


Directors’ other interests: Mr Zhang is also a director of Auckland Auto Association Ltd, Auckland Automotive Repair Center Ltd, Auckland Automotive Repair Center (NZ) Ltd, Magnate Pacific Enterprise Ltd & Magnific Enterprise Ltd.


 


Voluntary liquidation: Azul & Tinta fold


Company: Azul Holdings Ltd & Tinta Holdings Ltd


Directors: Julian Spiller


Liquidation: 7 December


Solvent: Yes


Liquidators: Robin Hargrave (Hargrave Munn Teague Ltd)


Creditors’ claims: 5 January


Directors’ other main interests: Mr Spiller is a director of Atea Holdings Ltd, Stejul Properties Ltd, Tenwood Investments Ltd, Tres Holdings Ltd & Vendt Industries Ltd, and is a former director of Gateway Properties Ltd.


 


Voluntary liquidation: Bledisloe Nominees folds


Company: Bledisloe Nominees Ltd


Directors: Brian Mason & William Ralph


Liquidation: 10 December


Liquidators: Stephen Tietjens & John Cregten (Corporate Finance Ltd)


Creditors’ claims:


Directors’ other main interests:


 


Voluntary liquidation: Bristol Investments (ex-Food Chain) folds


Company: Bristol Investments Ltd (which changed its name from Food Chain Ltd in May 2003)


Directors: Nicholas Archibald, Freemans Bay


Liquidation: 9 December


Liquidators: John Gilbert (C&C Strategic Ltd)


Creditors’ claims: Tuesday7 11 January


Directors’ other main interests: Mr Archibald is also a director of South Island Cuisine Ltd, wound up in September 2003.


 


Application to wind up: Carlin Engineering Supplies NZ faces liquidation


Defendant: Carlin Engineering Supplies NZ Ltd


Directors: Alo Leota


Applicant:

Continue Reading

U: The names behind the action, the week to 19 December 2004, part 2

Contents:



 


Adjournment for Auto Imports


Avsha Holdings wound up


BCC wound up


IRD withdraws claim against Best Finance


Chilled Express gets short adjournment


Concepts NZ struck off, but defies liquidation


Concept to Completion settles one, gets another adjourned


Coolways gets adjournment


Country Hospitality Management gets adjournment


Genuine Investments wound up


Hardie Shalders Restall wound up


Impress Copy & Print Solutions gets short adjournment


Inam Dental gets adjournment


Jeanna Holdings (trading as Kitchen Smart) wound up


Long Distance Thirteen settles


Maruhachi Japanese Restaurant gets adjournment


Matthew gets 2 claims adjourned


Namrah wound up


IRD claim against Pacific Properties (Metropolis) struck out


Raymond Kendall wound up


South Pacific Dairies wound up


Stompers wound up


Thom Contractors gets adjournment


Torcam Automotive wound up


Trigg Holdings wound up


Vakko Leatherware wound up


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


This section of the U column contains cases on the Auckland High Court’s liquidations list heard on Thursday 16 December:


 


16 December 2004:


 


Adjourned hearing: Adjournment for Auto Imports


Defendant: Auto Imports Ltd


Directors: Jonathan Toogood


Applicant: Tokyo Auto Trading Ltd


Adjournment date & time: No appearance, adjourned to Thursday 10 February


Directors’ other main interests: Mr Toogood is also a director of Asia Pacific Electronics Ltd, Asia Pacific Marine Ltd & Smart Mobile Ltd.


 


Court liquidation: Avsha Holdings wound up


Defendant: Avsha Holdings Ltd


Directors: Avenesh & Sharon Salvi


Applicant: Inland Revenue


Liquidators: Richard Agnew & Vivian Fatupaito (PWC)


 


Court liquidation: BCC wound up


Defendant: BCC Ltd


Directors: Brian Barbarich, Epsom


Applicant: Inland Revenue


Liquidators: Richard Agnew & Vivian Fatupaito (PWC)


Directors’ other main interests: The company was struck off the register in March. Mr Barbarich is also a director of Bee Bee Manufacturing Ltd.


 


Withdrawn: IRD withdraws claim against Best Finance


Defendant: Best Finance Ltd


Directors: Sheree Butcher


Applicant: Inland Revenue


 


Adjourned hearing: Chilled Express gets short adjournment


Defendant: Chilled Express Ltd


Directors: Raymond Pat, Christchurch


Applicant: Leif Blair Transport Ltd


Adjournment date: Monday 20 December


 


Withdrawn: Concepts NZ struck off, but defies liquidation


Defendant: Concepts NZ Ltd


Directors: Anne-Marie Gardiner


Applicant: Hostess 2001 Ltd


Directors’ other main interests: Concepts NZ was struck off the register in 2001. Ms Gardiner is also a director of Mad About Movies Ltd.


 


Settlement: Concept to Completion settles one, gets another adjourned


Defendant: Concept to Completion Ltd


Directors: Darryn Brewster, Mt Eden


Applicant: Hills Flooring Ltd (application settled), The Agency Co of NZ Ltd (adjourned)


Adjournment date: 10 March


 


Adjourned hearing: Coolways gets adjournment


Defendant: Coolways Ltd


Directors: Brian Dale


Applicant: Invercargill Truck Servicing Ltd


Adjournment date & time: No appearance, adjourned to Thursday 10 February


Directors’ other main interests: Mr Dale is a director of Ladeeda Ltd and a former director of Financial Data Coordinators Ltd.


 


Adjourned hearing: Country Hospitality Management gets adjournment


Defendant: Country Hospitality Management (NZ) Ltd


Directors: Guy Herbert


Applicant: Inland Revenue


Adjournment date & time: Thursday 10 February


Directors’ other main interests: Mr Herbert, a former partner at law firm Rice Craig, is also a director of Ambrosia Farms Ltd, Auckland Study Centre Ltd, Emma Holdings Ltd, Fox Glacier Plaza Ltd, Hotel Management & Marketing Ltd, Kiwi At Whitianga Ltd, Kiwi Business Academy Ltd, Kiwi Coaching School Ltd, Kiwi Education Services Ltd, Kiwi English Academy Ltd, Kiwi Sea School Ltd, Merv Smith Hobbies Ltd, Roundhouse Railway Co Ltd, Roundhouse Railway Co (Monterey Park) Ltd, Specialized Travel Ltd, Student-Air Ltd, The Billboard Co Ltd & The Real Gallery Ltd.


Continue Reading

U: The names behind the action, the week to 12 December 2004, part 4

Contents:



 


Dermacare folds following receivership of related company


6 Harwood Pacific companies close


Sounds Fine folds


Southern Metalworx faces liquidation


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


This section of the U column contains the first half of matters on the Auckland High Court’s liquidations list heard by Associate Judge Graham Lang today:


 


10 December 2004:



 


Voluntary liquidation: Dermacare folds following receivership of related company


Company: Dermacare Ltd


Directors: Evan Robinson & Babylou Pigou


Liquidation: 6 December


Liquidators: Raymond Burgess (Merlo Burgess & Co Ltd)


Creditors’ claims: Friday 14 January


Directors’ other main interests: Another of the directors’ companies, Formula Products (2004) Ltd (which changed its name from Dermacare Marketing Ltd on 26 July), was incorporated on 11 June and went into receivership on 24 November. Babylou Pigou is also a director of RTD (NZ) Import Export Ltd & Xtreme 2001 Holdings Ltd. Mr Robinson is a director of Rongo Pai Farms Ltd.


 


Voluntary liquidation: 6 Harwood Pacific companies close


Companies: CLS No2 Ltd, HH No2 Ltd, HN No2 Ltd, MS No2 Ltd, PAAH No2 Ltd, RD No2 Ltd


Directors: John Davis, Orewa; Colleen Smith resigned from all except 2 group companies on 25 November


Liquidation: 6 December


Liquidators: John Gilbert (C&C Strategic Ltd)


Creditors’ claims: Thursday 20 January


Directors’ other main interests: The Davises were Queensland-based until August 2003, with addresses of Sovereign Islands & Runaway Bay and New Zealand assets owned through Harwood Pacific Pty Ltd.


 


Mr Davis is a director of Associated Property Holdings NZ Ltd, Cadsteel Ltd, Harwood Pacific Group Ltd, HP Management Group Ltd, Newport Homes Ltd, Newport Homes (Christchurch) Ltd, Pinehill Holdings Ltd, Seabreeze Grove Ltd, Sovereign Land NZ Ltd. Colleen Davis resigned from all group companies except 2 on 25 November. She became a director of Associated Property Holdings & Newport Homes (Christchurch) on that date.


 


The Davises bought Associated Property Holdings NZ from Associates Property Holdings LLC of Delaware on 31 March. Its last financial statement filed at the Companies Office, for the year to March 2003 (filed in March 2004) show a group $1 million loss on $28.3 million of sales and net liabilities of $245,000 at balance date. It had $6 million of work under way and was committed to $23 million of land purchases.


 


CLS No2 Ltd was originally called Sovereign Land Corp Ltd, changing to CLS No1 Ltd in November then CLS No2 Ltd on 2 December.


HH No2 Ltd was originally called Harwood Homes Ltd, changing to HH No1 Ltd in November then HH No2 Ltd on 2 December.


HN No2 Ltd was originally called Newstart Homes Ltd, changing to HN No1 Ltd in November then HN No2 Ltd on 2 December.


MS No2 Ltd was previously called Select Mortgage Ltd, renamed MS No1 Ltd on 11 November then MS No2 Ltd on 2 December.


PAAH No2 Ltd was originally called Harwood Pacific Ltd, changing to PAAH Ltd in November then PAAH No2 Ltd on 2 December.


RD No2 Ltd was originally called Cambridge Realty Ltd, changing to Doncaster Realty Ltd in October 2002, RD No1 Ltd in November then RD No2 Ltd on 2 December.


 


Voluntary liquidation: Sounds Fine folds


Company: Sounds Fine Ltd


Directors: Kevin Algie, Maurice Carey & Mark Donaldson


Liquidation: 6 December


Liquidators: Robert Know (BDO Spicers)


Directors’ other main interests: Mr Algie is a director of the Enterprise Motor Group Ltd & numerous related companies. Mr Carey is a director of BDO Spicers Auckland Ltd. Mr Algie & Mr Donaldson are directors of Phitek Systems Ltd, in which Sounds Fine is the major shareholder.


 


Application to wind up: Southern Metalworx faces liquidation


Defendant: Southern Metalworx Ltd


Directors: Braden Smith, Drury


Applicant: Inland Revenue


Application date: 17 November

Hearing date & time, High Court: Thursday 27 January at 10.45am, Auckland

Continue Reading

U: The names behind the action, the week to 12 December 2004, part 2

Contents:



 


ABC123IT to settle


Farmer’s Alfriston Rural Services wound up


CK Flooring settles


Finishing Touches & Curtain Designers settles


HD Drainage & Excavations survives one, faces another


Henry Rei wound up


Carpetlayer K&G Goldfinch Flooring wound up


Koura Corp wound up


No appearance for L&H Construction application


Adjourned hearing: Mauch Investments to settle


Maldes Phoenix wound up


Mauch Investments Ltd


Mission Homes settles


Singaporeans’ Monocrafts NZ wound up


NZ Business Products (1992) settles


Nutra Foods wound up


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


This section of the U column contains the first half of matters on the Auckland High Court’s liquidations list heard by Associate Judge Graham Lang today:


 


9 December 2004:



 


Adjourned hearing: ABC123IT to settle


Defendant: ABC123IT Ltd


Directors: Mark Shehan, Manukau Heights


Applicant: Inland Revenue


Adjournment date & time: Thursday 3 February at 10.45am for settlement


Directors’ other main interests: Mr Shehan’s ABC123 Group Ltd was struck off the Companies Register on 9 October.


 


Court liquidation: Farmer’s Alfriston Rural Services wound up


Defendant: Alfriston Rural Services Ltd


Directors: Brian Farmer


Applicant: Fulton Hogan Ltd


Liquidators: Official Assignee


Directors’ other main interests: Liquidation was delayed twice by faulty paperwork. The company, originally called Farmer Group Properties Ltd, has ceased business and was struck off the Companies Register on 9 October. Mr Farmer is also a director of Bitumix Ltd, and a former director of Farmer Construction Ltd & Preform Co 352 Ltd.


 


Settlement: CK Flooring settles


Defendant: CK Flooring Ltd


Directors: Craig Burgess, Milford


Applicant: Inland Revenue


Directors’ other main interests: Mr Burgess is also a director of CK Glaze Ltd, Down On All Floors Ltd & Shore Rose Ltd (wound up in 1999).


 


Settlement: Finishing Touches & Curtain Designers settles


Defendant: Finishing Touches & Curtain Designers Ltd


Directors: Melisa Davies, Whangaparaoa


Applicant: Hibiscus Publishing 2000 Ltd


Directors’ other main interests:


 


Settlement, new application: HD Drainage & Excavations survives one, faces another


Defendant: HD Drainage & Excavations Ltd


Directors: David Bracey


Applicant: Hynds Pipe Systems Ltd settled, Inland Revenue substituted as creditor


New hearing date: Thursday 3 February at 10am


Directors’ other main interests:


 


Court liquidation: Henry Rei wound up


Defendant: Henry Rei Ltd


Directors: Henry Rei, Chapel Park


Applicant: Accident Compensation Corp


Liquidators: Iain Shephard & Christine Dunphy (Shephard Dunphy, Paraparaumu)


Directors’ other main interests: The company was struck off the register in June. Henry Rei Construction Ltd, which Mr Rei had incorporated in September 2003, was struck off on 9 October.


 


Court liquidation: Carpetlayer K&G Goldfinch Flooring wound up


Defendant: K&G Goldfinch Flooring Ltd


Directors: Keith & Gillian Goldfinch, Mairangi Bay


Applicant: Inland Revenue


Liquidators: Keith Palmer & Henry Levin (McCallum Petterson)


 


Court liquidation: Koura Corp wound up


Defendant: Koura Corp Ltd


Directors: Wattie McKay, Mt Wellington


Applicant: Freight Services Ltd


Liquidators: Gilbert Chapman & Grant Reynolds (Reynolds & Associates Ltd)


Directors’ other main interests:


 


Adjourned hearing: No appearance for L&H Construction application


Defendant: L&H Construction Ltd


Directors: Laurance Llloyd, Riverhead


Applicant: Allied Work Force Ltd


Ad

Continue Reading

U: The names behind the action, the week to 12 December 2004, part 3

Contents:



 


Phil Davis Builders completes settlement


3 Porter companies to settle


Salic Developments to settle


Service on Sharon Holdings director Darrin Don permitted


Sovereign Haulage to settle


Special Occasions Cake settles


Freemont pursues ST Taylor Painters & Decorators


SureVox Headsets Ltd wound up


Te Haika o Maungarei wound up


Te Hau Aroha (trading as Whakaaratamaiti Building Fund) fights liquidation


Tenbless Construction to settle


Third Millenium Investments gets short adjournment


Thom Contractors not served


Tourist Times (Auckland) settles


Adjournment so Waitangi Doco directors can sort group tax


Zeno to settle


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


This section of the U column contains the 2nd half of matters on the Auckland High Court’s liquidations list heard by Associate Judge Graham Lang today:


 


9 December 2004:



 


Settlement: Phil Davis Builders completes settlement


Defendant: Phil Davis Builders Ltd


Directors: Phil Davis, Belmont


Applicant: Ceree Wigg


The application was adjourned from the previous hearing because the company settled for all but costs on that occasion.


 


Adjourned hearing: 3 Porter companies to settle


Defendant: Porter Asset Management Ltd, Porter Asset Management No 1 Ltd & Porter Trustees Ltd


Director: Nathan Treloar, Parnell


Applicant: Inland Revenue


Adjournment date & time: Tuesday 21 December at 10am for settlement


 


Adjourned hearing: Salic Developments to settle


Defendant: Salic Developments Ltd


Directors: Ivica Salic


Applicant: Body Corporate 116029


Adjournment date & time: Tuesday 21 December at 10am


Directors’ other main interests: The company is owned by Salic Trustee Ltd, which is owned by Ivica Salic. Both companies were formed in February.


 


Adjourned hearing: Service on Sharon Holdings director Darrin Don permitted


Defendant: Sharon Holdings Ltd


Directors: Darrin Don


Applicant: David Crichton (Crichton Horne & Associates, Christchurch)


Adjournment date & time: Thursday 3 February at 10.45am, to enable service on the director


Directors’ other main interests: The company was struck off the register in January. Sharon Holdings and another of Mr Don’s companies, Orewa Properties Ltd (struck off the register in November 2003) borrowed from Clinton Rains’ Christchurch-based contributory mortgage company General Mortgage Ltd (which became Cardia Ltd in November 2003 and was placed in liquidation in February). In June 2003, the Securities Commission ordered General Mortage to stop trading for 2 years, and Mr Crichton & Keiran Horne were appointed to administer it. Mr Don is a former director of Don Foodmarket Corp Ltd and had a new company, 10 HS Ltd, incorporated on 4 November. He was convicted of fraud in 1999.


 


Adjourned hearing: Sovereign Haulage to settle


Defendant: Sovereign Haulage Ltd


Directors: Veronica Livermore, Papakura


Applicant: Mount Equipment Hire Ltd


Adjournment date & time, High Court: Thursday 5 April at 10am. At the previous hearing, Associate Judge Hannah Sargisson wasn’t satisfied that an ad in The Aucklander, a weekly sister publication of the NZ Herald which has appeared sporadically around the region, met the daily newspaper advertising requirement. Sovereign Haulage has ceased operations. Mount Equipment Hire, of Tauranga, went into liquidation in November 2003 after a company vehicle was written off, $100,000 of stock was lost & an insurance claim was declined.


 


Settlement: Special Occasions Cake settles


Defendant: Special Occasions Cake Ltd


Directors: Robert Cochran, Waiatarua


Applicant: Inland Revenue


Directors’ other main interests: Mr Cochran is a director of Northwest Bakery Ltd, which folded in 2001.


 


Adjourned hearing: Freemont pursues ST Taylor Painters & Decorators


Defendant: ST Taylor Painters & Decorators Ltd


Directors: Sean Taylor, Beachlands


Applicant: Freemont Design & Construction Ltd


Adjournment date & time: Thursday 3 February at 11.45am for defended fixture


 


Court liquidation: SureVox Headsets Ltd wound up

Continue Reading

U: The names behind the action, the week to 12 December 2004

Contents:


 


46 Oyster Point Rd folds


BJ2 (ex-BMC 2001) folds


Cargo Holdings folds


CF 630939 (ex-Company Formations) folds


Ignite Holdings folds


Wyman’s Lambie & Torgem companies out of receivership, still in liquidation


Receivers at National Building Certifiers’ NBC Whitianga


Simon Daubney Yachting folds


Stoddard Investments (ex-Kaydene Enterprises) folds


The Beam Men 2002 folds


IRD pursues Botica Conroy company Waite


Dorling Kindersley closes


Christian closes Ecosave Environmental


Tandem Press (now Elizabeth Matheson) folds, new company formed


Growing Focus Group foldsHolroyd closes 2 fund companies


Precept Systems folds


Cruise NZ faces liquidation, now in receivership


Hunter Pasco folds


Jeanna (trading as Kitchen Smart) liquidation call


Kuko Motors faces liquidation


Wattage One (ex-Beam Auckland) faces liquidation


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


9 December 2004:


 


Voluntary liquidation: 46 Oyster Point Rd folds


Company: 46 Oyster Point Rd Ltd


Directors: June & William Allen, St Marys Bay


Liquidation: 8 December


Solvent: Yes


Liquidators: Rusty Donnell (Grant Thornton Auckland Ltd)


Creditors’ claims: Friday 21 January


Directors’ other main interests: The property investment company had completed its purpose. Ms Allen is also a director of Civil Cost Ltd, Civil Cost Trust Ltd & Ministry of Works Ltd and a former director of Auckland Water Ltd & LHProjects Ltd (formerly Mini Tunnels Ltd). Mr Allen is also a director of Auckland Water, Civil Cost & Civil Cost Trust, and a former director of Auckland Electric Power Ltd & Ministry of Works Ltd.


 


Voluntary liquidation: BJ2 (ex-BMC 2001) folds


Company: BJ2 Ltd (which changed its name from BMC 2001 Ltd in August)


Directors: Wayne Anderson, Brendan Lindsay & Jeffrey Parsonson


Liquidation: 26 November


Solvent: Yes


Liquidators: Bruce Maclean


Creditors’ claims: Friday 24 December


Directors’ other main interests: Mr Anderson is a director of AZ Designz (NZ) Ltd, BackgammonHoldings Ltd, Fairway Group Ltd, Orbit Properties Ltd, Sistema Plastics Ltd, The Hanger Co Ltd, Wayne Anderson Ltd & Wayne Anderson 2004 Ltd. Mr Lindsay is a director of AZ, Backgammon, Orbit, Sistema, The Hanger Co & Trifecta. Mr Parsonson is a director of Backgammon & Trifecta.


 


Voluntary liquidation: Cargo Holdings folds


Company: Cargo Holdings Ltd


Directors: Lawrence & Lorraine Davies


Liquidation: 25 November


Liquidators: Douglas Wilson (MGI Wilson Eliott)


Creditors’ claims: Friday 24 December


Directors’ other main interests: Mr Davies is a director of Ausway International Freight (NZ) Ltd, Cargo Express International Ltd, Davies Customs Agency Ltd, Davies International Ltd, Davies Logistics Ltd, Expertise Worldwide Cargo Ltd & Intergroup Shipping (NZ) Ltd, and Ms Davies is a director of the Cargo & Davies companies.


 


Voluntary liquidation: CF 630939 (ex-Company Formations) folds


Company: CF 630939 Ltd (which changed its name from Company Formations Ltd in 2002)


Directors: Kym Weir


Liquidation: 3 December


Liquidators: Gerry Rea & Paul Sargison (Gerry Rea Associates Ltd)


Creditors’ claims: Sunday 9 January


Directors’ other main interests: A new Company Formations Ltd was formed in 2002, owned by Troy Graham (Sydney) & Graeme Matcham (Perth).


 


Voluntary liquidation: Ignite Holdings folds


Company: Ignite Holdings Ltd


Directors: Robert Hood & Matthew Lowe


Liquidation: 7 December


Liquidators: Gerry Rea & Paul Sargison (Gerry Rea Associates Ltd)


Creditors’ claims: Monday 17 January


Directors’ other main interests: Mr Hood is also a director of Ignite Investments Ltd & Lunar Realty Ltd.


 


Receivership: Wyman’s Lambie & Torgem companies out of receivership, still in liquidation


Companies: Lambie Properties Ltd, Lambie Properties No 5 Ltd & Torgem Properties Ltd


Directors: Glenn Wyman


Receiver: Layne Stephens


Receivership date: Started 1 September 2003, ended 3 December 2004


Directors’ other main interests: 6 of Lower Hutt investor Mr Wyman’s companies, including these 3, were placed in liquidation in August.


 


Receivership: Receivers at National Building Certifiers’ NBC Whitianga


Company: NBC Whitianga Ltd


Directors: Erne Joyce & David Cunningham


Receivers: Mark Stevens & David Hercus, Wellington


Receivership date: 3 December


Directors’ other main interests: Mr Joyce & Mr Cunningham are also directors of Joyce Group Ltd, Nationwide Building Certifiers Group Ltd (which went into receivership in November) and a new company incorporated today, Plan Processing Services Ltd, owned by Joyce Group Holdings Ltd.


Earlier story, 24 November 2004: BIA discusses transfer from Nationwide with receivers


 


Voluntary liquidation: Simon Daubney Yachting folds


Company: Simon Daubney Yachting Ltd


Directors: Simon Daubney


Liquidation: 8 December


Solvent: Yes


Liquidators: Rowan Chapman (Gosling Chapman)


Creditors’ claims: Tuesday 18 January


 


Voluntary liquidation: Stoddard Investments (ex-Kaydene Enterprises) folds


Company: Stoddard Investments Ltd (which changed its name from Kaydene Enterprises Ltd on 20 September)


Directors: Max & Stuart Kidd


Liquidation: 30 November


Solvent: Yes


Liquidators: Scott Massie (Lock & Partners)


Creditors’ claims: Friday 21 January


Directors’ other main interests: Both Kidds are directors of Industrial Tooling Ltd, Kaydene (2004) Ltd & Process Instruments Ltd. Max Kidd is also a director of Robinson Instruments Ltd and Stuart Kidd of The Last Straw Stud Ltd.


 


Voluntary liquidation: The Beam Men 2002 folds


Company: The Beam Men 2002 Ltd


Directors: Christopher Chambers (Andrew Forsyth & Maurice Hinton resigned on 30 November)


Liquidation: 7 December


Liquidators: Gerry Rea & Paul Sargison (Gerry Rea Associates Ltd)


Creditors’ claims: Monday 17 January


Directors’ other main interests: Mr Chambers is also a director of CA Engineering Ltd with Mr Forsyth, and of The Beam Men Ltd, struck off the register in November 2003.


 


Application to wind up: IRD pursues Botica Conroy company Waite


Defendant: Waite Ltd


Directors: Allan Botica & Denise Conroy


Applicant: Inland Revenue


Application date: 9 November


Hearing date & time, High Court: Thursday 10 February at 10am


Directors’ other main interests: The directors had the PR firm Botica Conroy & Associates Ltd, which was struck off the Companies Register in June, and are directors of Pooley Investments Ltd.


 


8 December 2004:


 


Voluntary liquidation: Dorling Kindersley closes


Company: Dorling Kindersley NZ Ltd


Directors: Leanne Gow & Peter Field, Melbourne, Anthony Watson, UK


Liquidation: 30 November


Liquidators: Jeff Meltzer & Karen Mason (Meltzer Mason Heath)


Creditors’ claims: Tuesday 11 January


Directors’ other main interests: The company is a subsidiary of Dorling Kindersley Ltd, London. It stopped trading in 2002. Mr Fie

Continue Reading

U: The names behind the action, the week to 5 December 2004, part 2

Contents:


 


Ark Recycling 2003 (now Gallony Investments) wound up


Autoparts Kingdom (NZ) settling


Buildspec (now Specific Build)  gets adjournment


Ceramic & Stonelaying Services wound up


Coromandel Delights gets adjournment


Hart’s Eftpos Ventures & Systems Management (Auckland) wound up


Fallright NZ wound up


Claim against Gribblehurst Pubs not ready


Harfords Ready Floors wound up


Hot Rock Investments settles


Ispy Talent & Management to settle


Lockheed claim awaits arbitration decision


Love Couriers wound up


Malco Fittings (1986) survives wind-up move


Claim against Mantech Services not ready


Ling’s Ming Shan Group & Fortune Finance face liquidation


PBC construction company settles


Q’pac settles with former shareholder


SCI Properties wound up


Sefo Brothers Builders wound up


UK propellor company pulls claim against Sensation Yachts


Sewa International wound up


Sky Sea wound up


Strategic Design & Construction wound up


The Village Bread Baker gets adjournment


Tri Media Ltd wound up


Claim against Zeal Property Trustco goes to hearing


 


Names, connections, 2+2


 


This section of the U column is devoted entirely to matters on the Auckland High Court liquidations list, heard by Associate Judge John Faire on Thursday 2 December.


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


2 December 2004:



 


Court liquidation: Ark Recycling 2003 (now Gallony Investments) wound up


Defendant: Ark Recycling 2003 Ltd (renamed Gallony Investments Ltd on 1 October)


Directors: Craig Marshall & Michael Pollok


Applicant: Bob Lye


Liquidators: Official Assignee


Directors’ other main interests: Mr Marshall is a director of Business District Ltd, Corporate Cabs Ltd & Crummer Road Ltd and is a former director of Accident & Medical Centre Quaymed Ltd & White Cross Healthcare Ltd. Mr Pollok is a director of Capital Copiers Ltd, Crummer Road, NZN Ltd, NZN 2003 Ltd & Ricoh NZ Ltd. Former Skellerup Group director Murray Bolton resigned from the company in June. He’s a director of Business District, Corporate Cabs, Crummer Road, Debitsuccess NZ Ltd, Heliport Lease Holdings Ltd and the 2 NZN companies. Mr Lye, the applicant, is a director of Retired Ltd, previously called Ark Recycling Ltd, which has ceased trading.


 


Adjourned hearing: Autoparts Kingdom (NZ) settling


Defendant: Autoparts Kingdom (NZ) Ltd


Directors: Raymond & Tapaita Rahman, Mt Albert


Applicant: Dubber & Craig Customs Ltd


Adjournment date & time, High Court: Thursday 27 January at 10am. The applicant withdrew and Autoparts Kingdom is in the process of settling with Dubber & Craig Customs.


 


Adjourned hearing: Buildspec (now Specific Build)  gets adjournment


Defendant: Buildspec Ltd (which its name to Specific Build Ltd on 18 October)


Directors: Brandie O’Hara, Greenlane


Applicant: KP Transport Ltd


Adjournment date & time: Thursday 27 January at 10am


 


Court liquidation: Ceramic & Stonelaying Services wound up


Defendant: Ceramic & Stonelaying Services Ltd


Directors: Robert Rayby, Papakura


Applicant: Inland Revenue


Liquidators: Keith Palmer & Henry Levin (McCallum Petterson)


 


Adjourned hearing: Coromandel Delights gets adjournment


Defendant: Coromandel Delights Ltd


Directors: Richard Somerville, Kohimarama


Applicant: Harvey Sheppard


Adjournment date & time: Wednesday 22 December at 10am for advertising or settlement


Directors’ other main interests: Mr Somerville is a director of Somerville & Associates Ltd, Somerville Trustee Co Ltd & accountancy firm Walker Somerville Ltd. Mr Sheppard, the applicant, is a director of numerous companies, including Half Moon Bay Marina Ltd, Marina Projects (NZ) Ltd & the Royal NZ Coastguard Federation.


 


Court liquidation: Hart’s Eftpos Ventures & Systems Management (Auckland) wound up


Defendant: Eftpos Ventures Ltd & Systems Management (Auckland) Ltd


Continue Reading

U: The names behind the action, the week to 5 December 2004

Contents:



 


Natali family winds up company


Avsha Holdings faces liquidation


BCC faces liquidation


Mike Brading (now Birkenhead Consulting) folds


Finishing Touches & Curtain Designers faces liquidation


Magellen Holdings folds


Maruhachi Japanese Restaurant faces liquidation


Designer Renovations (now Prisoners of Mother England) folds


Collies close Real Property Holdings


Body corporate pursues Salic Developments


Selwyn’s Short Enz Productions next in IRD firing line


Birch’s Sun G faces liquidation


Torcam Automotive faces liquidation, new company started


Waitemata Backcare Beds (Mt Wellington) latest Erskine company in trouble


Interim liquidators at Jeanna Holdings


SOB Animation Group faces liquidation


Warkworth Farming sells farm & folds


Californians close Appliance Solutions & Algert


Kelletts close Commerce Plaza & Playtime Investments


Labour company pursues Cruise NZ


McNeil & Haydon folds


 


Names, connections, 2+2


 


The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations.


 


For the past 4 years the U column has covered companies with some relationship to the property industry. With the expansion of the BD Central websites, the column will no longer have a purely property focus and all liquidations will be covered.


 


5 December 2004:



 


Voluntary liquidation: Natali family winds up company


Company: Natali Investments Ltd


Directors: Raymond & Lalita Natali, Browns Bay


Liquidation: 30 November


Solvent: Yes


Liquidators: Graeme McDonald & John Vague (McDonald Vague)


Creditors’ claims: Monday 10 January


 


2 December 2004:



 


Application to wind up: Avsha Holdings faces liquidation


Defendant: Avsha Holdings Ltd


Directors: Avenesh & Sharon Salvi


Applicant: Inland Revenue


Application date: 2 November


Hearing date & time, High Court: Thursday 16 December at 10.45am, Auckland


 


Application to wind up: BCC faces liquidation


Defendant: BCC Ltd


Directors: Brian Barbarich, Epsom


Applicant: Inland Revenue


Application date: 27 October


Hearing date & time, High Court: Thursday 16 December at 10.45am, Auckland


Directors’ other main interests: The company was struck off the register in March. Mr Barbarich is also a director of Bee Bee Manufacturing Ltd.


 


Voluntary liquidation: Mike Brading (now Birkenhead Consulting) folds


Company: Birkenhead Consulting Ltd (which changed its name from Mike Brading Ltd on 25 November)


Directors: Michael Brading, Mairangi Bay


Liquidation: 26 November


Liquidators: Robert Merlo (Merlo Burgess & Co Ltd)


Creditors’ claims: 21 January


Directors’ other main interests: Mr Brading is also a director of Astley Avenue Holdings Ld & Ecubed Consulting Ltd.


 


Application to wind up: Finishing Touches & Curtain Designers faces liquidation


Defendant: Finishing Touches & Curtain Designers Ltd


Directors: Melisa Davies, Whangaparaoa


Applicant: Hibiscus Publishing 2000 Ltd


Application date: 11 October


Hearing date & time, High Court: Thursday 9 December at 10am, Auckland


 


Voluntary liquidation: Magellen Holdings folds


Company: Magellen Holdings Ltd


Directors: John Jay, Pukekohe


Liquidation: 26 November


Liquidators: John Whittfield & Graeme McDonald (McDonald Vague)


Creditors’ claims: Thursday 23 December


Directors’ other main interests: Mr Jay is also a director of Ipswich Properties Ltd (incorporated on 19 November), Landmark Landco Ltd & McAuley Land Holdings Ltd.


 


Application to wind up: Maruhachi Japanese Restaurant faces liquidation


Defendant: Maruhachi Japanese Restaurant Ltd


Directors: Liew Lee Yin & Liew Foot Kiong


Applicant: Inland Revenue


Application date: 27 October


Hearing date & time, High Court: Thursday 16 December at 10.45am, Auckland


Directors’ other main interests: Liew Lee Yin is also a director of LSWR Investments Ltd & Millennium Challenge Ltd.


 


Voluntary liquidation: Designer Renovations (now Prisoners of Mother England) folds


Company: Prisoners of Mother England Ltd (which changed its name from Roi Ltd to Designer Renovations Ltd on 1 March, and to its present name on 18 October)


Directors: Jeremy & Janis Upton, Remuera


Liquidation: 29 November


Liquidators: John Gilbert (C&C Strategic Ltd)


Creditors’ claims: Monday 27 December


 

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