Archive | 2012

U column updates make way for better property news coverage

Published 29 October 2012

The mayor said this week he’d been surprised to learn the residents of Auckland’s isthmus didn’t mow their street berms like everybody else in the region did: “I thought as Kiwis we prided ourselves on mowing our lawns,” he said.

According to the draft council budget, those isthmus people are going to have to mow their berms. I reflected on this & a few other things on Saturday as I mowed the lawn (I’m bermless after the council, for a road-reshaping several years ago, removed the footpath I’d built).

Mowing the lawn was an imposition for which I would normally allow little time though it’s a handy way to learn where the cracks in the ground are, where the ants are building their next nest, where the wasps have decided to live. But yesterday I ambled. I resolved to reclaim my weekends, to venture cautiously toward the 5-day working week instead of the 7 it had become. By the time I’d tested the resolve of the lawnmower against a few hibiscus & feijoa bushes and low-hanging lemon & grapefruit branches – proving that the mower is about as knackered as me – I’d determined that the 5-day week could start, well, nearly immediately, just a few things to be done first.

How do I spend my weekends? Writing the U column, the diaries and a few stories. Are you going to miss them? The liquidation scene has been quietening down and I think I can spend my court & company-check time more productively.

What began in 2001 as a more controlled way of covering property-related comings & goings – companies’ births as well as their demises – turned after a while into full coverage of insolvency in Auckland. The positive side of the equation, the Nu column, never really got going.

The U column peaked at 120 entries in a week but would have had just 25 this week – a week without a court liquidations list. At its peak it was taking me 4 full days to complete the column, apart from trying to give you at least adequate coverage of a myriad other events.

Now the focus reverts to the myriad other property-related events.

You’re seeing more activity in the property sector as it moves into an up cycle and it would be easy for many to say life returns to normal. That, unfortunately, is very likely, which would mean we’ve learnt nothing from the 5 years since the global financial crisis began.

I think I can provide you with a better service with a sharper, more incisive commentary on life in the sector – plans, policies, strategies, consents, transactions – and influences on the sector such as economic shifts both locally & internationally, transaction trends in other markets, investment decisions and impacts on investment.

Is it better to learn that a small non-property company which has been on its knees for the last 5 years has finally gone bust, or that Fonterra’s call for expressions of interest for a new head office, along with law firm Russell McVeagh, closes in a couple of weeks?

So the U column remains in place but won’t be updated. My focus will be on events in the marketplace and influences on them. In particular: how the debate over compact versus sprawl affects you; the affordability debate made sensible; explaining the complexities of leaky, seismic & insurance issues; relating shifts in financing opportunities.

I hope you will stay with me, because these stories will be valuable to your business.

Want to comment? Go to the forum.

 

Attribution: Story written by Bob Dey for the Bob Dey Property Report.

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U: The names behind the action, the week to 21 October 2012, part 4

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

Contents:

Hadlow closes Ace Business Solutions

Alba Renovations & Fitouts closes

Watershed meeting set for Aquaclear

Blue Sky Banquet & Conferencing and Blue Sky Holiday Villa face liquidation

Computer Solutions NZ faces liquidation

Cordite Construction & Civil closes

Dilip Enterprises closes

Eastside Panel & Paint faces liquidation

Delameres close Finale Restaurant & Cabaret

Gounden Investments closes

Johnson Nominees (No 6) closes

Labour supplier Komtel 2000 closes

Landmark Earthwork faces new liquidation move

Zzili owner Link International closes

Lose Baby Weight’s NZ business closes

Melnic Developments faces liquidation

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Wednesday 17 October, before Associate Judge David Abbott. Part 3 is from the liquidations list on Friday 19 October before Associate Judge Roger Bell.

The U  column 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.

21 October 2012:

Voluntary liquidation: Hadlow closes Ace Business Solutions

Company: Ace Business Solutions Ltd

Directors: Cameron Hadlow, Parnell

Liquidation: 11 October

Solvent: No

Liquidators: Arron Heath & Mike Lamacraft (Meltzer Mason Heath)

Creditors’ claims: Friday 9 November

Other details: The Warkworth management company was unable to met a statutory demand and went into liquidation. Mr Hadlow put Fishmart Ltd & 2 other companies into liquidation in June 2010 after selling the Fishmart retail business on Jellicoe St, in the Wynyard Quarter, for about $2 million to Seafood & More Ltd (incorporated December 2009 with Mr Hadlow as one of the 2 directors). He’s a director of Ab Initio Investments Ltd, Ab Initio Property Ltd, Cabo Property Trust Ltd, Fishmart LFR Ltd, Market Kitchen Ltd, Tawari Investments Ltd & Woodford Forest Ltd.

Voluntary liquidation: Alba Renovations & Fitouts closes

Company: Alba Renovations & Fitouts Ltd

Directors: Gordon Smith, Mt Eden

Liquidation: 16 October

Solvent: No

Liquidators: Chris Horton (Chris Horton Associates Ltd)

Creditors’ claims: Tuesday 20 November

Other details: The company stopped trading in April after a major debtor was liquidated. Mr Smith is a director of Alba Interiors Ltd & Alba Properties Ltd.

Voluntary administration meeting: Watershed meeting set for Aquaclear

Company: Aquaclear Technology Ltd

Directors: Mark Franklin, Kohimarama; Richard Johnson, Morrinsville; Gary Smith, Thames; & Mark Wheeler, Papakura

Administrators: David Webb & Brett Lord (PPB Advisory)

Appointment date: 18 September

Watershed meeting: Wednesday24 October at 10am, DLA Phillips Fox Tower, National Bank Centre, PPB Advisory

Other details: The company, 75% owned by Stevenson Group Ltd and 25% by Gary & Jillian Smith, changed its name from Flowmax Technologies Ltd in 2009. Mr Franklin is a director of WA Stevenson Holdings Ltd & related companies and Auckland Regional Chamber of Commerce & Industry Ltd, Drury South Ltd, Lochinver Station Ltd, NZ Trucks Ltd, Oteha Valley Investments Ltd, Rangatira Developments Ltd, Rocktec Ltd, Ultrafast Fibre Ltd & Waikato Networks Ltd. Mr Johnson is a director of Stormy-Brooke Holdings Ltd & Stormy-Brooke Ventures Ltd. Mr Smith is a director of Filco Ltd, Hydra-Care (NZ) Ltd, Local Hire (NZ) Ltd, Local Rentals Ltd, NZ Dredging Ltd and Snapshot Design & Print Ltd. Mr Wheeler is a director of Aquilco Ltd, Clearspan Property Ltd, Clevedon Trust Co Ltd, Olympia Parking Systems Ltd, Pakari Ltd & Stevenson Group Ltd.

Application to wind up: Blue Sky Banquet & Conferencing and Blue Sky Holiday Villa face liquidation

Defendant: Blue Sky Banquet & Conferencing Ltd and Blue Sky Holiday Villa Ltd

Directors: Chen Peng Chih, Northpark (both); & Leung Kin Ping, Ellerslie

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10.45am

Other details: Chen Peng Chih is a director of Bluesky Golf Management Ltd & NZ Advantage Consultants Ltd (removed from register 29 February), and a former director of KK Accounting & Taxation Ltd.

Application to wind up: Computer Solutions NZ faces liquidation

Defendant: Computer Solutions NZ Ltd

Directors: Richard Partridge, Helensville

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10.45am

Voluntary liquidation: Cordite Construction & Civil closes

Company: Cordite Construction & Civil Ltd

Directors: David Clark, Albany

Liquidation: 12 October

Solvent: No

Liquidators: Paul Sargison & Simon Dalton (Gerry Rea Partners Ltd)

Creditors’ claims: Tuesday 20 November

Other details: The company went into liquidation after not being paid on one large contract and making a large loss on another. Mr Clark is a director of Clarkford Investments Ltd, Cordite Plan Hire Ltd, DJC Projects Ltd, Gulf View Estate Ltd & Urban Civil Ltd.

Voluntary liquidation: Dilip Enterprises closes

Company: Dilip Enterprises Ltd

Directors: Dilip & Sharda Patel, Palm Heights

Liquidation: 4 October

Solvent: Yes

Liquidators: Mike Fisher & Barry White (Fisher White & Associates Ltd)

Creditors’ claims: Thursday 15 November

Application to wind up: Eastside Panel & Paint faces liquidation

Defendant: Eastside Panel & Paint Ltd

Directors: Thomas Nicol, Shelly Park

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10am

Voluntary liquidation: Delameres close Finale Restaurant & Cabaret

Company: Finale Restaurant & Cabaret Ltd

Directors: Arlana, Joell & Tuariki John Delamere, Avondale; & Jean-Paul Delamere, Henderson

Liquidation: 15 October

Solvent: No

Liquidators: Patricia van der Wende & Mark Norrie (Norrie & Daughters Ltd)

Creditors’ claims: Friday 9 November

Other details: The company had the Finale nightclub on Karagahape Rd and stopped trading on 15 October. Tuariki John Delamere was Minister of Immigration during his one term as an NZ First MP in 1996-99. He & his wife, Joell, were directors of Apanui Investments International Ltd & Tuariki Delamere & Associates Ltd (both removed from the register in 2006). She is a director of Taggart Galt. He is a director of TDA Immigration & Student Services Ltd, TDA Immigration Mt Albert Ltd, TDA Immigration North Shore Ltd, TDA Wellington Ltd & The Best of China Ltd (in liquidation October 2011). Arlana Delamere is a former director of Taggart Galt. Jean-Paul Delamere is a director of TDA Immigration Mt Albert.

Voluntary liquidation: Gounden Investments closes

Company: Gounden Investments Ltd

Directors: Latchman Gounden, Patumahoe

Liquidation: 16 October

Liquidators: Peri Finnigan & Boris van Delden (McDonald Vague)

Creditors’ claims: Friday 30 November

Other details: Mr Gounden is a director of Challenge Auto Parts Ltd, Cyrus Heights Ltd, First Auto Service Technologies Ltd, LS Property Developments Ltd (in liquidation October 2011), Premier Autos Ltd, Quality Compliance & Service Centre Ltd, Quality Homes (NZ) Ltd & TAS Property Developments Ltd, and resigned from The Auto Centre Ltd on 14 June and Quality Car Rentals Ltd on 14 October.

 

Voluntary liquidation: Johnson Nominees (No 6) closes

Company: Johnson Nominees (No 6) Ltd

Directors: Clive Johnson, Takapuna

Liquidation: 15 October

Liquidators: John Buchanan (Northside Insolvency Ltd)

Creditors’ claims: Thursday 15 November

Other details: Mr Johnson, an accountant & insolvency practitioner who operates through CA Johnson Ltd, is a director of Aotearoa Forestry Corp Ltd, Butterfish Bay Wines Ltd, Caledonia Nominees (No 2) Ltd, Caledonia Properties Ltd, Channels Direct Interactive Ltd, CP Exports Ltd, Data Source Ltd, Data Source Holdings Ltd, Edgeware Ltd, Galway Bay Investments Ltd, Glen Tanar Ltd, Goldstein & Co Ltd, Gordon & Smith Ltd, Gordon & Smith Properties Ltd, Johnson Cairns Ltd, Johnson Nominees Ltd, Mercury Bay Trading Co Ltd, Oceanview Finance Ltd, Old Kent Properties Ltd, Outlook Publications Ltd, Paewhenua Estates Ltd, Picton Bay Ltd, Roskill Nominees Ltd, Stortford Lodge Holdings Ltd, Sunnybrae Nominees Ltd, Toreador Developments Ltd, Totara Green Estate Ltd & Vertical City Realty Ltd.

Voluntary liquidation: Labour supplier Komtel 2000 closes

Company: Komtel 2000 Ltd

Directors: Ray Candy, Totara Heights

Liquidation: 17 October

Solvent: No

Liquidators: Grant Reynolds (Reynolds & Associates Ltd)

Other details: The company supplied construction labour, goods & services.

Application to wind up: Landmark Earthwork faces new liquidation move

Defendant: Landmark Earthwork Ltd

Directors: Sei-hyung Chung, Northcote; Jin Yi Jang & Choon Sik Park, Browns Bay; & Masahiko Okabe, Tuakau

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10am

Other details: Landmark Earthwork settled an application to wind it up last October. Mr Chung & Mr Park’s P&C Construction Ltd and P&C Development 2008 Ltd were wound up in July-August 2011. They’re also directors of Living Interior Ltd. Mr Okabe is a director of Japan Homes Ltd & Japanese Building Consultant Ltd.

Voluntary liquidation: Zzili owner Link International closes

Company: Link International Ltd

Directors: Ilya Rozhdestvensky, Massey West

Liquidation: 15 October

Solvent: No

Liquidators: Patricia van der Wende & Mark Norrie (Norrie & Daughters Ltd)

Creditors’ claims: Friday 16 November

Other details: The company’s brand development & advertising business traded as Zzili. Ilya Rozhdestvensky is a director of Ilizz Advertising Ltd (removed from register February 2011) & Newnewzealand Ltd (removed from register August 2011).

Voluntary liquidation: Lose Baby Weight’s NZ business closes

Company: Lose Baby Weight Ltd

Directors: Rhian Allen, Sydney; & Nicola Halligan, Taupo

Liquidation: 14 October

Solvent: No external creditors

Liquidators: Chris Horton (Chris Horton Associates Ltd)

Creditors’ claims: Monday 19 November

Other details: The company had a web-based weight loss business for new mothers but the relationship between the shareholders broke down. Ms Allen founded Lose Baby Weight and the Healthy Mummy range of products in Australia.

Application to wind up: Melnic Developments faces liquidation

Defendant: Melnic Developments Ltd

Directors: Melissa Matangi, Albany

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10.45am

Other details: Ms Matangi is a director of Mattro Investments Ltd.

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

Want to advertise on this page? Call 021 894 858 or email [email protected].

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U: The names behind the action, the week to 21 October 2012, part 5

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

 

Contents:

Motorsport NZ closes promotions company

North Harbour Transport faces liquidation

Phillip Ing Building faces liquidation

Premier Copy Service closes

Receiver at 2 Shanton Apparel companies

Sharp Electrical closes, Premium Electrical opens

Soap Opera Productions faces liquidation

Tasty Fresh Produce faces liquidation

The Clean Green Car Co closes

Three Brothers Painters faces liquidation

Johnston’s Tidal Investments 2010 faces liquidation

Timber Fibre Haulage closes

Trade Painters Experts closes

Western Electric NZ closes

Wobatam Holdings faces liquidation

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Wednesday 17 October, before Associate Judge David Abbott. Part 3 is from the liquidations list on Friday 19 October before Associate Judge Roger Bell.

The U  column 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.

21 October 2012:

Voluntary liquidation: Motorsport NZ closes promotions company

Company: Motorsport Promotions Ltd (ex-The Motorsport Company Ltd)

Directors: David Dovey, Tauranga, appointed 1 June; the existing 5 directors resigned between then & mid-September

Liquidation: 11 October

Solvent: No

Liquidators: Kirk Richardson (Commercial Business Services Ltd)

Creditors’ claims: Monday 26 November

Other details: The company, originally Motor Race NZ Ltd, became The Motorsport Co in 2002 and changed its name to Motorsport Promotions on 8 May. It’s owned by Motorsport NZ Inc, local car clubs and NZ International Grand Prix (Auck) Inc. Mr Dovey is a director of Architectural Joinery Components Distribution Ltd, ECG Management Ltd, Exceed Home Maintenance Ltd, Exceed Home Network Ltd, Exceed Home Painting Ltd, Franchise Synergy Ltd, Home Synergy Ltd, Majik Investments Ltd & Matts Investment Ltd.

Application to wind up: North Harbour Transport faces liquidation

Defendant: North Harbour Transport Ltd

Directors: Raymond Jones, Stanmore Bay

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10am

Application to wind up: Phillip Ing Building faces liquidation

Defendant: Phillip Ing Building Ltd

Directors: Catherine & Phillip Ing, Flat Bush

Applicant: Auckland City Council

Hearing date: Thursday 1 November at 10am

Other details: The Ings are directors of PC Ing Construction Ltd.

Voluntary liquidation: Premier Copy Service closes

Company: Premier Copy Service Ltd (trading as Premier Print & Print City)

Directors: Sylvia Breen & Laurence Davis, Hauraki

Liquidation: 10 October

Solvent: No, the company had a deficit after selling its business

Liquidators: Arron Heath & Mike Lamacraft (Meltzer Mason Heath)

Creditors’ claims: Friday 9 November

Other details: Ms Breen & Mr Davis are directors of Printways Reprographics Ltd & Shotz Total Graphics Ltd (removed from register December 2011).

Receivership: Receiver at 2 Shanton Apparel companies

Company: Shanton Apparel (NZ) Ltd & Shanton Retail Ltd

Directors: Murray Carter, Remuera (both); & Frederic Bart, Sydney (Shanton Retail; resigned from Shanton Apparel 3 October)

Receivership date: 9 October

Receivers: Anthony Harris (Anthony Harris Ltd, Tauranga)

Other details: Shanton had 39 stores. In its last financial report, for the June 2011 year, Shanton Apparel showed it made a $118,500 loss in 2010, then a net surplus of $489,000 on total operating income of $48.7 million in 2011, but still had negative equity of $646,000 and negative $2.23 million retained earnings. Mr Carter is a director of BBB Retail Ltd, Bed Bath & Beyond Holdings Ltd & related companies, Brands Ltd, Carter Trading Ltd, CFT Nominees Ltd, Eppinghurst Apartments Ltd, Events Fashions NZ Ltd, Landed Investments Ltd, Linen For Less Ltd, Parbco NZ Ltd, Shanton Properties (NZ) Ltd, Sheer Properties Ltd & Tarrarbtec Investments Ltd. Mr Bart is a member of a longtime textile industry family in Australia. He was a director of National Textiles, which collapsed in 2000, resigned shortly before Events Fashions was liquidated in 2006, was a director of bedding retail chain Sleeping Giants, which went into administration in 2009, and resigned as chairman of Genetic Technologies Corp Pty Ltd the night before its annual meeting in 2009. In New Zealand, Mr Bart is a director of Australasia Dyers Fabric Importing Co Ltd, the Bed Bath & Beyond companies, Brands, Events Fashions, FB Charters Ltd, Heald & Son (1998) Ltd, Landed Investments NZ Ltd, Parbco & Shaw NZ Ltd. He owns 51% of Shanton Apparel through Atamine Pty Ltd.

Voluntary liquidation: Sharp Electrical closes, Premium Electrical opens

Company: Sharp Electrical Ltd

Directors: Christopher Sharp, Goodwood Heights

Liquidation: 11 October

Solvent: No

Liquidators: Digby Noyce (RES Corporate Services Ltd)

Creditors’ claims: Tuesday 13 November

Other details: Mr Sharp is a director of Ipsys Ltd, NZ Trade Group Ltd, NZ Trade Group Electrical Ltd, Sharp Family Holdings Ltd & System Fox Ltd, He incorporated Premium Electrical Ltd on 2 October.

Application to wind up: Soap Opera Productions faces liquidation

Defendant: Soap Opera Productions Ltd

Directors: Lisa Jolly, Papakura

Applicant: Mondiale Freight Services Ltd

Hearing date: Friday 9 November at 10am

Application to wind up: Tasty Fresh Producefaces liquidation

Defendant: Tasty Fresh Produce Ltd

Directors: Jimmy Lowe, Drury

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10.45am

Voluntary liquidation: The Clean Green Car Co closes

Company: The Clean Green Car Co Ltd

Directors: Joy & Stephen Pollard, Chatswood

Liquidation: 16 October

Solvent: No

Liquidators: Arron Heath & Mike Lamacraft (Meltzer Mason Heath)

Creditors’ claims: Friday 16 November

Other details: The car sales company stopped trading on 27 July. The Pollards are directors of Jdevi Holdings Ltd. Mr Pollard is also a director of Active NZ Ltd, Albatros Ltd & Powerfit Trustees Ltd.

Application to wind up: Three Brothers Paintersfaces liquidation

Defendant: Three Brothers Painters Ltd

Directors: Roselee Lemalu, Papakura

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10am

Application to wind up: Johnston’s Tidal Investments 2010 faces liquidation

Defendant: Tidal Investments 2010 Ltd

Directors: Ed Johnston, Swanson

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10am

Other details: Mr Johnston’s Khyber Investments (2009) Ltd was wound up on 2 August, Lauregan Holdings Ltd on 6 June and Lauregan Investments Ltd on 11 July. Mr Johnston is a director of Akro Properties Ltd, BSJ Holdings Ltd, Caram Investments Ltd, Caram Property Ltd, Caram Property Trustees Ltd, East Tamaki Holdings Ltd, Ed Johnston & Co Trustees Ltd, Eldonwood Lifestyle Investments Ltd, Greenspan Property Holdings Ltd, Greenspan Property Trustees Ltd, Harvest Properties (2010) Ltd, Henderson Valley Investment Ltd, Johnston Bros Forestry Ltd, Khyber Investments 2010 Ltd, Lakeview Properties Trustees Ltd, Lauregan Financial Services Ltd, Lauregan Ponsonby Ltd, Lauregan Rentals Ltd, Leigh Reconstruction Ltd, Lydford Property Trustees Ltd, Marsden Property Trust Ltd, Pineshare Forestry Ltd, Richmond Properties (2010) Ltd, Richmond Road Properties Ltd, Samms Publishing Co Ltd, Sem Services Ltd, Semesis Investments Ltd, Sunesis Europe Ltd & Williamson Avenue Investments Ltd, and a former director of Poys Technologies Ltd.

Voluntary liquidation: Timber Fibre Haulage closes

Company: Timber Fibre Haulage Ltd

Directors: Maata Pohatu, Avondale

Liquidation: 17 October

Liquidators: Grant Reynolds (Reynolds & Associates Ltd)

Voluntary liquidation: Trade Painters Experts closes

Company: Trade Painters Experts Ltd

Directors: Brian Taylor, St Heliers; Luana Taylor, St Heliers, resigned 31 August

Liquidation: 9 October

Liquidators: Bryan Williams (BWA Insolvency Ltd)

Creditors’ claims: Monday 26 November

Other details: The Taylors were directors of L Taylor Painting & Property Care Ltd in Taupo and Mr Taylor, now of Clendon Park, incorporated Trade Stop NZ Ltd on 9 October.

Voluntary liquidation: Western Electric NZ closes

Company: Western Electric NZ Ltd

Directors: Wolfgang Kloser, Vienna, Austria

Liquidation: 9 October

Liquidators: Chris Horton (Chris Horton Associates Ltd)

Creditors’ claims: Tuesday 13 November

Other details: The company’s immediate owner is Western Electric Asia Pte Ltd, Singapore. It imported & sold rotating electrical equipment but had stopped trading.

Application to wind up: Wobatam Holdings faces liquidation

Defendant: Wobatam Holdings Ltd

Directors: Martin Gray, Matakana

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10.45am

Other details: Mr Gray’s Matabow Holdings Ltd was removed from the register on 20 July.

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

Want to advertise on this page? Call 021 894 858 or email [email protected].

Continue Reading

U: The names behind the action, the week to 21 October 2012, part 3

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

 

Contents:

 

Singleton’s 7 Westbury Crescent wound up

Academy Cinemas Auckland wound up

BDS Marketing NZ wound up

Restaurant owner Board International gets advertising restraint while negotiations continue

Carlton Liquorcentre gets time to reassess tax

Downtown Cleaning Services wound up

Dynamic Concepts puts proposal

Fobby Sells wound up

Green Home Hardware settles

Jing Decorators wound up

Flaherty’s Keystone Corp wound up

Kular Builders settles

Manly Group Investors settles

Mike Mylchreest survives after director tells judge of his woes

Offramp Productions working on settlement

Otago Station Estates gets break while director awaits brokerage fee

Razorsharp Trenching wound up

Salusalu Cleaning wound up

Southern Builders to put proposal

TRC Consultants settles

Zero Down gets time to complete sale

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Wednesday 17 October, before Associate Judge David Abbott. Part 3 is from the liquidations list on Friday 19 October before Associate Judge Roger Bell.

The U  column 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.

19 October 2012:

Court liquidation: Singleton’s 7 Westbury Crescent wound up

Defendant: 7 Westbury Crescent Ltd

Directors: Lindsay Singleton, Remuera

Applicant: Inland Revenue

Liquidators: Official Assignee

Other details: Mr Singleton is a director of 40 Man Street Ltd, Beech Cove Properties Ltd & associated companies, BWIP Ltd, Cliff Road Ltd, DLJ Ltd, Fernhill Queenstown Ltd, First Settler Ltd, LJS No 2 Ltd, Second Settler Ltd, Singleton Consulting Ltd, The Rees Ltd, Third Settler Ltd & Wagil Ltd, and a former director of companies either removed from the register or in liquidation, including 36 St Stephens Avenue Ltd, Beazley Residential Ltd, Harvard Sports Marketing Ltd & SMG Properties Ltd.

Court liquidation: Academy Cinemas Auckland wound up

Defendant: Academy Cinemas Auckland Ltd

Directors: John Davies, Bayswater

Applicant: Inland Revenue

Liquidators: Viv Madsen-Ries & David Levin (Deloitte Ltd)

Other details: Mr Davies is a director of Arkles Entertainment Ltd & Victoria Picture Palace Operations Ltd, and a former director of numerous defunct movie companies.

Court liquidation: BDS Marketing NZ wound up

Defendant: BDS Marketing NZ Pty Ltd

Directors: Tammy Emmins, Mark Iacovangelo, James Riley & Craig Stewart, Melbourne

Applicant: Maxwell Contract Warehousing Ltd

Liquidators: Robert Walker (chartered accountant, Wellington)

Other details: The company is owned by BDS Beverages Global Management Pty Ltd, Melbourne.

Adjourned liquidation hearing: Restaurant owner Board International gets advertising restraint while negotiations continue

Defendant: Board International Co Ltd

Directors: Deng Pengyu, Blockhouse Bay

Applicant: Inland Revenue

Adjournment date: Friday 30 November at 10.45am

Other details:Counsel for the company, Jonathan Wiles, said discussions were under way to resolve the debt and he sought a formal direction that advertising not take place, which Inland Revenue lawyer Cloete van der Merwe said would mean having to adjourn again. Mr Wiles said the company had provided substantial documentation and put forward a proposal, and the whole matter could be wrapped up in the next 2-3 weeks. Associate Judge Bell ordered a restraint on advertising before 16 November, allowing for the matter to proceed if negotiations broke down. [The judge twice specified a restraint on advertising, making no mention of a ban on publication, which Mr Wiles hadn’t asked for.] The company trades as Jungle Flavor Thai Restaurant & Bar in Mt Eden. Mr Deng is a director of Kiwine International Group Ltd (removed from register July 2011) & Xiaoying Trading (NZ) Ltd.

Adjourned liquidation hearing: Carlton Liquorcentre gets time to reassess tax

Defendant: Carlton Liquorcentre Ltd

Directors: Regina Goundar, Papatoetoe

Applicant: Inland Revenue

Adjournment date: Friday 30 November at 10.45am, for the company to reassess the outstanding figures

Other details: Regina Goundar is a director of Alamo Lux Ltd (removed from register 25 June) & Goundar Holdings Ltd.

Court liquidation: Downtown Cleaning Services wound up

Defendant: Downtown Cleaning Services Ltd

Directors: Mathew Jorgensen, city

Applicant: Sky Network Television Ltd

Liquidators: Roy Horrocks (McDonald Vague)

Other details: Mr Jorgensen is a director of Broadhurst Ltd.

Adjourned liquidation hearing: Dynamic Concepts puts proposal

Defendant: Dynamic Concepts Ltd

Directors: Robert Mahon, Pakuranga

Applicant: Inland Revenue

Adjournment date: Friday 30 November at 10.45am, to consider proposal

Other details: The company put a proposal to Inland Revenue yesterday.

Court liquidation: Fobby Sells wound up

Defendant: Fobby Sells Ltd (as trustee of the Fobby Sells Trust)

Directors: Laini Inivale, Te Atatu Peninsula

Applicant: Inland Revenue

Liquidators: Colin McCloy & Craig Sanson (PWC)

Other details: Laini Inivale is a director of Fobby Buys Ltd.

Discontinued: Green Home Hardware settles

Court liquidation application, defendant: Green Home Hardware Ltd

Directors: Chen Xu, Karaka

Applicant: Robert Walker (chartered accountant, Wellington) as liquidator of JDJ Building Products (NZ) Co Ltd

Court liquidation: Jing Decorators wound up

Defendant: Jing Decorators Ltd

Directors: Gao Jing, Mt Wellington

Applicant: Inland Revenue

Liquidators: Official Assignee

Other details: Mr Gao is a director ofFu & Jing Plasterer Ltd (wound up 9 March).

Court liquidation: Flaherty’s Keystone Corp wound up

Defendant: Keystone Corp Ltd

Directors: Mark Flaherty, Royal Oak

Applicant: Inland Revenue

Liquidators: Official Assignee

Other details: Mr Flaherty is a director of BBQ Factory Ltd (in receivership September 2011, in liquidation March 2012) & Joseph Royston Ltd (in liquidation 2009).

Settlement: Kular Builders settles

Court liquidation application, defendant: Kular Builders Ltd

Directors: Steven Singh, Flat Bush

Applicant: Bunnings Ltd

Other details: Mr Singh is a director of Galaxy Car Detailing Ltd & Miyake Holdings Ltd, and a former director of HSH Holdings Ltd & The Akarana Community Trust Ltd.

Settlement: Manly Group Investors settles

Court liquidation application, defendant: Manly Group Investors Ltd

Directors: Ross McAlpine, Stanmore Bay

Applicant: Inland Revenue

Other details: Mr McAlpine is a director of Rawhiti Trustees Ltd & Whangaparaoa Real Estate Ltd.

Adjourned liquidation hearing: Mike Mylchreest survives after director tells judge of his woes

Defendant: Mike Mylchreest Ltd

Directors: Mike Mylchreest, Waiuku

Applicant: Inland Revenue

Adjournment date: Thursday 31 January at 10am, so Mr Mylchreest’s son can buy the company’s assets

Other details: Mr Mylchreest, incapacitated, was in the wrong courtroom when his company was wound up but made it up the staircase to the right court in time to tell the judge some of his history, that his son was taking over the family trucking business but was waiting for his trucking licence: “He’s gone for a brand-new licence. If you close me down today they won’t have any work until a new licence comes through. I’m told it will be 8 weeks.” Associate Judge Bell recalled his liquidation order, adjourned the case until the end of January but warned Mr Mylchreest: “If the company doesn’t meet current liabilities or conduct means creditors may be further endangered, it can be called on 30 November.”

Adjourned liquidation hearing: Offramp Productions working on settlement

Defendant: Offramp Productions Ltd

Directors: Andrew Sorenson, Mt Albert

Applicant: Inland Revenue

Adjournment date: Friday 30 November at 10.45am

Other details: Negotiations are under way and the application hasn’t been advertised.

Adjourned liquidation hearing: Otago Station Estates gets break while director awaits brokerage fee

Defendant: Otago Station Estates Ltd

Directors: Stephen Cozens, Taupaki

Applicant: Inland Revenue

Adjournment date: Friday 30 November at 10am

Other details: Counsel for the company, Greg Blanchard, said Mr Cozens “is an investment banker brokering the sale of Perpetual Trust by PGG Wrightson Ltd, due diligence is continuing and he expects to receive his brokerage fee in about a month, sufficient to pay the debt”. Mr Cozens is a director of Echo NZ Funding Ltd, Hendrix Services Ltd, Novalis Ltd, Otago Station Vineyard Ltd, Otago Viticulture Trust Ltd, Thor Investments Ltd, Waitaki Braids Ltd, Waitaki Valley Viticulture Services Ltd & Waitaki Valley Wines Ltd. Colin Reynolds, director of Pakenham Group Ltd (ex-Symphony Group Ltd, in liquidation), resigned in December 2010.

Court liquidation: Razorsharp Trenching wound up

Defendant: Razorsharp Trenching Ltd

Directors: Shayne Summers & Kristine Warburton, Papakura

Applicant: McEntee Hire Ltd

Liquidators: Official Assignee

Court liquidation: Salusalu Cleaning wound up

Defendant: Salusalu Cleaning Ltd

Directors: Kelepi & Nakuai Melea Salusalu, Glendene

Applicant: Pikes Point Transfer Station Ltd

Liquidators: John Whittfield (Corporate Solutions & Management Ltd)

Other details: This company was incorporated in February. A predecessor, Salu’s Cleaning Ltd, was incorporated in September 2010 and removed from the register in August 2011.

Adjourned liquidation hearing: Southern Builders to put proposal

Defendant: Southern Builders Ltd

Directors: Peter Gasson, Papakura

Applicant: Inland Revenue

Adjournment date: Friday 30 November at 10.45am

Other details: The application was adjourned for the company to put a proposal.

Withdrawn: TRC Consultants settles

Court liquidation application, defendant: TRC Consultants Ltd

Directors: Bevan Thomas, Avondale

Applicant: Inland Revenue

Adjourned liquidation hearing: Zero Down gets time to complete sale

Defendant: Zero Down Ltd

Directors: Stuart Lees, Silverdale

Applicant: Inland Revenue

Adjournment date: Friday 30 November at 10am for an update, with a requirement to pay current tax in the interim

Other details: Mr Lees said he expected sale of the computer services company to be finalised in 6-8 weeks, which would clear all debts. He’s a director of RADN Technology Solutions (NZ) Ltd (in liquidation 2010).

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

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U: The names behind the action, the week to 21 October 2012, part 1

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

 

Contents:

A1 Cars settles

A-List Security wound up

Auto-Ace Exporters (NZ) told to put proposal

CK Projects to put proposal

Concerto Networks NZ wound up

Corporate Protection & Security Services wound up

Habitat Carpentry gets adjournment

Henri & Co wound up

Ma reaches settlement with Tay companies, but dispute continues

Ken Fell Sandblasting settles

Lazarus Consulting wound up

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Wednesday 17 October, before Associate Judge David Abbott. Part 3 is from the liquidations list on Friday 19 October before Associate Judge Roger Bell.

The U column 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.

17 October 2012:

Settlement: A1 Cars settles

Court liquidation application, defendant: A1 Cars Ltd

Directors: Shahzad Ahmed, Fuji-City, Japan; & Vishwa Nand, Papatoetoe

Applicant: Ram Padarath Sharma

Other details: Mr Nand is a director of Horizon Motors Ltd.

Court liquidation: A-List Security wound up

Defendant: A-List Security Ltd

Directors: William Brown, Glen Eden (now Sandringham); & Sam Ikenasio, Mangere

Applicant: Inland Revenue

Liquidators: Official Assignee

Other details: Mr Brown & Mr Ikenasio incorporated Valour Security Group Ltd in April.

Adjourned liquidation hearing: Auto-Ace Exporters (NZ) told to put proposal

Defendant: Auto-Ace Exporters (NZ) Ltd

Directors: Abdul Hussein, Mangere

Applicant: Inland Revenue

Adjournment date: Wednesday 21 November at 10am, to put proposal on sums already established as owing

Other details: Mr Hussein said returns for some years had been finalised at Inland Revenue and the total was expected to fall. His accountant expected about $50,000 would be owing, but Associate Judge Abbott saw no reason for him to wait to establish the total before paying recognised sums due. Mr Hussein is a director of Auto Ace New & Used Parts Ltd.

Adjourned liquidation hearing: CK Projects to put proposal

Defendant: CK Projects Ltd

Directors: Kim Dwyer, Sunnyvale

Applicant: Inland Revenue

Adjournment date: Wednesday 21 November at 10am, for proposal to be put

Other details: Mr Dwyer is a director of AAD Equipment Ltd, All About Drains Ltd, CK Labour Hire Ltd & Pacific Edge Homes Ltd.

Court liquidation: Concerto Networks NZ wound up

Defendant: Concerto Networks NZ Ltd

Directors: Justin Worsley, Grey Lynn

Applicant: Inland Revenue

Liquidators: Official Assignee

Other details: Mr Worsley is a director of CNNZ Ltd (removed from register 27 January) & World2Go Ltd.

Court liquidation: Corporate Protection & Security Services wound up

Defendant: Corporate Protection & Security Services Ltd

Directors: Sean Michaels, Massey; & Misiakau Hamo, Mt Albert

Applicant: Joanne Barlow (Taipa Trust)

Liquidators: Digby Noyce (RES Corporate Services Ltd)

Other details: Mr Hamo is a director, and Mr Michaels a former director, of Corporate Protection & Security Ltd. Mr Hamo is also a director of Trime Services Ltd.

Adjourned liquidation hearing: Habitat Carpentry gets adjournment

Defendant: Habitat Carpentry Ltd

Directors: Jon Begg, Remuera

Applicant: Inland Revenue

Adjournment date: Wednesday 21 November at 10am, for settlement

Other details: Associate Judge Abbott allowed an adjournment after being told variation claims on the company’s last project were nearly completed. The company is claiming $380,000 for variations and retentions of about $50,000. Mr Begg is a director of Island Habitats Ltd & JMB Guardians Ltd.

Court liquidation: Henri & Co wound up

Defendant: Henri & Co Ltd

Directors: Sarah Campbell, Ararimu

Applicant: Ecolab Ltd

Liquidators: Official Assignee

Other details: Ms Campbell is a director of CAHA Ltd (ex-Campbell Henri Agencies Ltd, removed from register December 2011).

Adjourned liquidation hearing: Ma reaches settlement with Tay companies, but dispute continues

Defendant: Jireh Hotel Investment Ltd & Tony Tay Trust Ltd

Directors: Tony Meng Hiang Tay & Selina Siaw Nyung Tay, city

Applicant: Dr Ma Tian Min

Adjournment date: Wednesday 21 November at 10am, for discontinuance to be filed

Other details: Various parts of the dispute between Dr Ma & the Tays were dropped at a court hearing on 5 October, but the 2 parties are heading to a hearing on the substantive dispute between them. Dr Ma got Mr Tay’s Jireh Health Ltd wound up on 9 May in the midst of litigation she took to get the Tays, owners of Tony Tay & Associates Ltd and a line of companies in the Tay & Jireh property groups, to pay for a $450,000 unit she bought in the 25%-sold Karapiro Wellness Resort, near Lake Karapiro south-east of Cambridge, in 2007. That payment has been made, but other details remain to be resolved. The resort was recently put on the market. A number of Tay companies are in liquidation or receivership, including Tony Tay Group Ltd & Tony Tay Film Ltd. Mr Tay remains a director ofJireh Customs Ltd, Jireh Design Ltd, Jireh Finance Ltd, Jireh Entertainment Ltd, Jireh GSR Ltd, Jireh Hobson Ltd, Jireh Holdings Ltd, Jireh Hospitality Ltd, Jireh Management Ltd, Jireh Wakefield Ltd, Karapiro Management Ltd, Made in Heaven (NZ) Ltd & Successful Trading (NZ) Ltd.

Earlier story, 5 October 2012: Karapiro Wellness Resort dispute heads to new hearing

Adjourned liquidation hearing: Ken Fell Sandblasting settles

Defendant: Ken Fell Sandblasting Ltd

Directors: Ken Fell, Kaukapakapa

Applicant: Inland Revenue

Adjournment date: Wednesday 7 November at 10am, to confirm payment

Court liquidation: Lazarus Consulting wound up

Defendant: Lazarus Consulting Ltd

Directors: Alison & Michael Whybro, Albany

Applicant: Inland Revenue

Liquidators: Official Assignee

Other details: The Whybros are directors of Dental Personnel Ltd (removed from register 14 September) & SOS Recruitment Ltd (in liquidation 2009).

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

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U: The names behind the action, the week to 21 October 2012, part 2

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

 

Contents:

Millenz 2006 to settle

Nature’s Corner gets more time to settle

Max’s Nelson Shelf (One) & The Bishop wound up

Nishrabuk Holdings wound up

Obsidium Holdings puts proposal

Paul & John Services wound up

Pro View (ex-Colonial Towing) wound up

Rok Electronix Services to put proposal

Snatch A Deal wound up

Spa Parnell gets final adjournment

Westpark Installations wound up

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Wednesday 17 October, before Associate Judge David Abbott. Part 3 is from the liquidations list on Friday 19 October before Associate Judge Roger Bell.

The U column 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.

17 October 2012:

Adjourned liquidation hearing: Millenz 2006 to settle

Defendant: Millenz 2006 Ltd

Directors: John & Susan Millen, Weymouth

Applicant: Inland Revenue

Adjournment date: Wednesday 21 November at 10am, for settlement

Other details: The Millens’ previous company, Millenz Ltd, was wound up in 2006.

Adjourned liquidation hearing: Nature’s Corner gets more time to settle

Defendant: Nature’s Corner Ltd

Directors: Beverley & Paul Schofield, Pukekohe

Applicant: Inland Revenue

Adjournment date: Wednesday 7 November at 10am

Other details: The company has been working on the sales of a house & its free-range egg business.

Court liquidation: Max’s Nelson Shelf (One) & The Bishop wound up

Defendant: Nelson Shelf (One) Ltd & The Bishop Ltd

Directors: Paul Max, Nelson

Applicant: Inland Revenue

Liquidators: Official Assignee

Other details: Mr Max is a director of Playaz Club Ltd & 2 companies which were wound up in June (The Garter Ltd & The Tavern Ltd), and is a former director of several other pub companies.

Court liquidation: Nishrabuk Holdings wound up

Defendant: Nishrabuk Holdings Ltd

Directors: Azeem & Nazimun Buksh, Drury

Applicant: PGG Wrightson Ltd

Liquidators: Official Assignee

Other details: Associate Judge Abbott struck out PGG Wrightson’s application to wind Nishrabuk up last year because the statutory demand on which it was based was stale. The Bukshes are directors of Buksh Farms Ltd, Exquisite Homes Ltd (removed from register 2011) & Exquisite Marketers Ltd (removed from register 2011), and Azeem Buksh is a director of Exquisite Electrical Services Ltd (removed from register 29 February.

Adjourned liquidation hearing: Obsidium Holdings puts proposal

Defendant: Obsidium Holdings Ltd

Directors: Trevor Lynds, Remuera

Applicant: Crown Asset Management Ltd

Adjournment date: Wednesday 21 November at 10.45am to consider proposal

Other details: Obsidium sent Crown a proposal on Tuesday. Mr Lynds is a director of Flameray (2012) Ltd, Harlyn Management Co Ltd, Obsidium Primary Healthcare Solutions Ltd, Obsidium Workspace Solutions Ltd & other Obsidium companies, Portland Services Ltd & PRN Holdings Ltd. Crown Asset Management is the Government company set up in February to finalise issues with finance companies that had been placed in receivership or liquidation.

Court liquidation: Paul & John Services wound up

Defendant: Paul & John Services Ltd

Directors: John Burns, Glen Eden; & Paul Ziarno, Glendene

Applicant: Inland Revenue

Liquidators: Official Assignee

Court liquidation: Pro View (ex-Colonial Towing) wound up

Defendant: Pro View Ltd (ex-Colonial Towing Co Ltd)

Directors: Matekino & Ranganui Hapeta, Weymouth

Applicant: Inland Revenue

Liquidators: Colin McCloy & Craig Sanson (PWC)

Other details: Pro View & Colonial Towing swapped names in May. Matekino Hapeta is director of the new Colonial Towing.

Adjourned liquidation hearing: Rok Electronix Services to put proposal

Defendant: Rok Electronix Services Ltd

Directors: Jonathan Okesene, Wattle Downs

Applicant: Inland Revenue

Adjournment date: Wednesday 21 November at 10.45am, to put proposal

Other details: Mr Okesene said his new accountant needed time to complete all returns.

Court liquidation: Snatch A Deal wound up

Defendant: Snatch A Deal Ltd

Directors: Rebecca Wilkinshaw, Red Beach

Applicant: Express Couriers Ltd

Liquidators: Official Assignee

Adjourned liquidation hearing: Spa Parnell gets final adjournment

Defendant: Spa Parnell Ltd

Directors: Sally Moselen, Parnell

Applicant: Inland Revenue

Adjournment date: Wednesday 21 November at 10.45am, final adjournment

Other details: The company made a part settlement in June. Ms Moselen is a director of SIM Properties Ltd.

Court liquidation: Westpark Installations wound up

Defendant: Westpark Installations Ltd

Directors: Roger & Ta-mera Rolland, West Harbour

Applicant: Inland Revenue

Liquidators: Colin McCloy & Craig Sanson (PWC)

Turn the page: Part 1,  Part 2,  Part 3,  Part 4,  Part 5

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

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U: The names behind the action, the week to 14 October 2012, part 3

Turn the page: Part 1, Part 2,  Part 3,  Part 4

 

Contents:

Singleton’s 7 Westbury Crescent faces liquidation

Aaron & Graham Holdings (ex-Enviropro) closes

Academy Cinemas Auckland faces liquidation

Shoebridges close Aclaro Consulting

Adams Group 2005 closes

Whitley closes Advantage Bayview

Aerospace Interiors faces liquidation

Altitude Bricklaying closes

Asia-Pacific Risk Management business & name sold, old company closes

BSD Consultants wound up

Build Trendz faces liquidation

Bench’s Cannon Transport Pty faces liquidation

Certified Contractors faces liquidation

Mahon’s Dynamic Concepts faces liquidation

Fulton closes Eclipse Valves

Fobby Sells faces liquidation

Johns closes Gladiator Investments

International Accountants (Pacific) closes

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Friday 12 October, before Associate Judge Tony Christiansen.

The U  column 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.

14 October 2012:

Application to wind up: Singleton’s 7 Westbury Crescent faces liquidation

Defendant: 7 Westbury Crescent Ltd

Directors: Lindsay Singleton, Remuera

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10.45am

Other details: Mr Singleton is a director of 40 Man Street Ltd, Beech Cove Properties Ltd & associated companies, BWIP Ltd, Cliff Road Ltd, DLJ Ltd, Fernhill Queenstown Ltd, First Settler Ltd, LJS No 2 Ltd, Second Settler Ltd, Singleton Consulting Ltd, The Rees Ltd, Third Settler Ltd & Wagil Ltd, and a former director of companies either removed from the register or in liquidation, including 36 St Stephens Avenue Ltd, Beazley Residential Ltd, Harvard Sports Marketing Ltd & SMG Properties Ltd.

Voluntary liquidation: Aaron & Graham Holdings (ex-Enviropro) closes

Company: Aaron & Graham Holdings Ltd (ex-Enviropro Ltd)

Directors: Graham Farquhar, Oratia; & Aaron Lelean, Kumeu

Liquidation: 3 October

Solvent: Yes, ceased trading, no assets or liabilities of significance

Liquidators: Rob Willis (CST Nexia Ltd)

Creditors’ claims: Friday 23 November

Other details: The company changed its name in July 2011. Mr Farquhar & Mr Lelean are directors of DGC Ltd.

Application to wind up: Academy Cinemas Auckland faces liquidation

Defendant: Academy Cinemas Auckland Ltd

Directors: John Davies, Bayswater

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10.45am

Other details: Mr Davies is a director of Arkles Entertainment Ltd & Victoria Picture Palace Operations Ltd, and a former director of numerous defunct movie companies.

Voluntary liquidation: Shoebridges close Aclaro Consulting

Company: Aclaro Consulting Ltd

Directors: Jason & Megan Shoebridge, Northcote Pt

Liquidation: 3 October

Solvent: Yes, ceased trading, no assets or liabilities of significance

Liquidators: Rob Willis (CST Nexia Ltd)

Creditors’ claims: Friday 23 November

Other details: Mr Shoebridge is a director of NIWA (National Institute of Water & Atmospheric Research Ltd), NFO Worldgroup NZ Holdings Ltd, Niwa Vessel Management Ltd & Research International NZ Ltd, TNS NZ Ltd.

Voluntary liquidation: Adams Group 2005 closes

Company: Adams Group 2005 Ltd

Directors: Michael Adams, Beachlands

Liquidation: 10 October

Solvent: Never traded, no known assets or liabilities

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

Creditors’ claims: 12 November

Other details: Mr Adams’ Adams Landscapes Ltd went into liquidation on 28 September with an estimated $5 million deficit, citing the domino effect of collapses by debtors for its own failure. He’s also a director of Adams Developments Ltd, Adams Holdings Ltd, Adams Machinery Plant Hire Ltd, Beachlands Quarries Ltd, Becca Trust Ltd & Blue Rock Civil Ltd.

Voluntary liquidation: Whitley closes Advantage Bayview

Company: Advantage Bayview Ltd

Directors: Kevin Whitley, Birkenhead

Liquidation: 4 October

Solvent: ceased trading, no assets

Liquidators: Kirk Richardson (Commercial Business Services Ltd)

Creditors’ claims: Monday 5 November

Other details: The company changed its name from Emerald Bayview Ltd in 2007. Mr Whitley is a director of Advanced Financial Systems NZ Ltd, Advantage Construction Eastern Ltd, Advantage Equities Ltd, Advantage Management Systems Ltd, Advantage River Development Ltd, Craig Rd Development Ltd, Emerald Hotels Ltd, Gair Trustee Services Ltd, HRW Investments Ltd, Kevair Ltd, KWH Ltd, Monte Casino Apartments Ltd & Rustlers Ltd.

Application to wind up: Aerospace Interiors faces liquidation

Defendant: Aerospace Interiors Ltd

Directors: Lance Sheppard, Stonefields

Applicant: Autolink Distributors Ltd

Hearing date: Thursday 1 November at 10am

Voluntary liquidation: Altitude Bricklaying closes

Company: Altitude Bricklaying Ltd

Directors: Joel Malloy, Howick

Liquidation: 4 October

Solvent: No

Liquidators: Derek Ah Sam & Paul Vlasic (Rodgers Reidy, chartered accountants)

Creditors’ claims: Friday 23 November

 

Voluntary liquidation: Asia-Pacific Risk Management business & name sold, old company closes

Company: Brett Stuart & Roger Ltd(ex-Asia-Pacific Risk Management Ltd)

Directors: Stuart Henderson, Warkworth; Brett Johanson, Karori; & Roger Kerr, Howick

Liquidation: 4 October

Solvent: Yes

Liquidators: Victoria Toon (Corporate Restructuring Ltd)

Creditors’ claims: Thursday 29 November

Other details: The company has sold its business assets & name (at the moment to Pricewaterhouse Nominee Co), so changed its name on 3 October. Its earliest names were BT Risk Management Advisory and Deutsche Risk Management Advisory. Mr Henderson is a former director of Leigh Fisheries Ltd. Mr Johanson is a director of Abel Tasman (1998) Ltd. Mr Kerr is a director of Financial Services Complaints Ltd (joined 1 October), and a former director of Bancorp NZ Ltd, Cardinal Property Management Ltd, Hedgebook Ltd, Pie Funds Management Ltd, Select Access NZ Ltd, Trust Investments Management Ltd & Ventry Ltd (ex-Rifleman Finance Group Ltd).

Court liquidation: BSD Consultants wound up

Defendant: BSD Consultants Ltd

Directors: Cameron Hall, Mt Albert

Liquidation: 8 October, Wellington

Liquidators: David Vance & Barry Jordan (Deloitte Ltd)

Creditors’ claims: Monday 12 November

Application to wind up: Build Trendz faces liquidation

Defendant: Build Trendz Ltd

Directors: Gary Knock, Stanmore Bay

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10am

Application to wind up: Bench’s Cannon Transport Pty faces liquidation

Defendant: Cannon Transport Pty Ltd

Directors: Clive Bench, Waimauku

Applicant: Martin & Cheryl Cribbin

Hearing date: Thursday 1 November at 10.45am

Other details: Mr Bench is a director of Aquaguard Ltd (in liquidation 3 October), Gocon Ltd & Rear Units Ltd (in liquidation 3 February).

Application to wind up: Certified Contractors faces liquidation

Defendant: Certified Contractors Ltd (ex-Chantelle Contractors Ltd)

Directors: Talita Malupo, Papatoetoe

Applicant: Bank of NZ

Hearing date: Wednesday 7 November at 10am

Other details: The company changed its name in June 2011.

Application to wind up: Mahon’s Dynamic Concepts faces liquidation

Defendant: Dynamic Concepts Ltd

Directors: Robert Mahon, Pakuranga

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10.45am

Voluntary liquidation: Fulton closes Eclipse Valves

Company: Eclipse Valves Ltd

Directors: Hugh Fulton, Papakura

Liquidation: 8 October

Solvent: No

Liquidators: Gareth Hoole & Kevin Pitfield (Staples Rodway Ltd)

Creditors’ claims: Thursday 8 November

Other details: The company manufactured valves at Mt Maunganui. Mr Fulton is a director of Fulton Partnership Ltd, Smeedi Ltd & Squirrel Technology Ltd.

Application to wind up: Fobby Sells faces liquidation

Defendant: Fobby Sells Ltd (as trustee of the Fobby Sells Trust)

Directors: Laini Inivale, Te Atatu Peninsula

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10am

Other details: Laini Inivale is a director of Fobby Buys Ltd.

Voluntary liquidation: Johns closes Gladiator Investments

Company: Gladiator Investments Ltd

Directors: Brian Johns, Papakura

Liquidation: 2 October

Solvent: No

Liquidators: Peri Finnigan & Boris van Delden (McDonald Vague)

Creditors’ claims: Friday 16 November

Other details: The property development company stopped trading in 2008. Mr Johns is a director of Gladiator Investments (Gisborne) Ltd, Gladiator Lifestyle Ltd, Gladiator Motor Inns Ltd, Lifestyle Property Holdings Ltd, PBO Systems Ltd, Senator Management Ltd & Senator Property Holdings Ltd.

Voluntary liquidation: International Accountants (Pacific) closes

Company: International Accountants (Pacific) Ltd

Directors: Kathleen Pomana, New Lynn

Liquidation: 10 October

Solvent: Yes, ceased trading

Liquidators: Grant Reynolds (Reynolds & Associates Ltd)

Turn the page: Part 1, Part 2,  Part 3,  Part 4

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

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U: The names behind the action, the week to 14 October 2012, part 4

Turn the page: Part 1, Part 2,  Part 3,  Part 4

Contents:

Ja’s Food closes

Blue Chip investor K&G Investments closes

Lanes Trading (Brett’s Butchery) closes

Mt Eden ale house company Liquid Gold NZ (2001) wound up

Mangonui ITM (2002) closes

Manly Group Investors faces liquidation

Mike Mylchreest faces liquidation

Richard Cox Associates becomes Nice Touch & closes

Otago Station Estates faces liquidation

Wellwoods’ Phoenix Holdings faces liquidation, shareholder bankrupt

Progress International (2011) closes

Querida Smith Financial Services closes after business sold

Sharp Decorating Services closes

Southern Builders faces liquidation

T&C Lash closes

Collins’ Totara Farm Estate faces liquidation

2 Universal Stones companies close

Lees’s Zero Down faces liquidation

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Friday 12 October, before Associate Judge Tony Christiansen.

The U  column 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.

14 October 2012:

Voluntary liquidation: Ja’s Food closes

Company: Ja’s Food Ltd

Directors: Anna Zhao, Flat Bush

Liquidation: 4 October

Solvent: No

Liquidators: Digby Noyce (RES Corporate Services Ltd)

Creditors’ claims: Tuesday 6 November

Other details: The company ran a butchery & food market on Lambie Drive, Manukau.

Voluntary liquidation: Blue Chip investor K&G Investments closes

Company: K&G Investments Ltd

Directors: Grant & Kim McAneaney, Henderson

Liquidation: 4 October

Solvent: No

Liquidators: Iain Shephard & Heath Gair (Shephard Dunphy Ltd, Wellington)

Creditors’ claims: Thursday 6 December

Other details: The company was incorporate to buy a Blue Chip Financial Solutions (NZ) Ltd investment apartment in Auckland, which was sold at a loss.

Voluntary liquidation: Lanes Trading (Brett’s Butchery) closes

Company: Lanes Trading Ltd (trading as Brett’s Butchery)

Directors: Brett McGuire, Green Bay

Liquidation: 10 October

Liquidators: Chris McCullagh & Steve Lawrence (PKF Corporate Recovery & Insolvency (Auckland) Ltd)

Creditors’ claims: Monday 12 November

Other details: Mr McGuire is a director of Robert Jane Ltd.

Court liquidation: Mt Eden ale house company Liquid Gold NZ (2001) wound up

Defendant: Liquid Gold NZ (2001) Ltd (previously trading as Cardrona Speight’s Ale House – Mt Eden)

Directors: Joseph O’Reilly, Meadowbank; & Mark Wescott, Surrey, UK

Liquidation: 8 October, Dunedin

Liquidators: Malcolm Hollis & Maurice Noone (PWC, Christchurch)

Creditors’ claims: Monday 26 November

Other details: Mr O’Reilly is a director of Albany Ale House Ltd, Albany Conference Centre Ltd (removed from register 2010), O’Reilly Clan Ltd, Pogue Mahone (2010) Ltd, RPL Ltd (in liquidation 2011) & Southern Peaks Holdings Ltd. Mr Wescott is a director of Cardrona Water Supply Ltd, Complex Cardrona Ltd, RPL and The Gin & Raspberry Ltd, and former director of Albany Ale House, Albany Conference Centre & Cardrona Hotel Ltd (removed from register 2011).

Voluntary liquidation: Mangonui ITM (2002) closes

Company: Mangonui ITM (2002) Ltd

Directors: Kiro Phillips, Avondale

Liquidation: 5 October

Solvent: No, business sold

Liquidators: Grant Reynolds (Reynolds & Associates Ltd)

Other details: The company operated a building products & hardware wholesaler & retailer in Mangonui. Shareholder Gary Beckham, Mangonui, resigned on 27 June after deciding to stop funding it further. Kiro Phillips resigned on 3 November 2011 from LT 2008 Ltd, which went into liquidation the next day. LT 2008, a corporate trustee for the business of property investor Dean Letfus, changed its name from Letfus Trading Ltd in 2008. Nothing was recovered in the liquidation and the company was removed from the register in May. Property spruiker Mr Letfus was quoted at the end of November 2011 as having declared himself bankrupt following the liquidation of 7 of his companies. However, his bankruptcy came through a creditor’s petition on 8 December. Mr Letfus closed the companies after Westpac NZ Ltd called in its mortgages.

Application to wind up: Manly Group Investors faces liquidation

Defendant: Manly Group Investors Ltd

Directors: Ross McAlpine, Stanmore Bay

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10.45am

Other details: Mr McAlpine is a director of Rawhiti Trustees Ltd & Whangaparaoa Real Estate Ltd.

Application to wind up: Mike Mylchreest faces liquidation

Defendant: Mike Mylchreest Ltd

Directors: Mike Mylchreest, Waiuku

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10am

 

Voluntary liquidation: Richard Cox Associates becomes Nice Touch & closes

Company: Nice Touch Ltd (ex-Richard Cox Associates Ltd)

Directors: Richard Cox, Ostend, Waiheke Island

Liquidation: 9 October

Solvent: No, stopped trading in July

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

Creditors’ claims: Monday 12 November

Other details: The company ran a cafe at Ostend. It changed its name on 28 June. Mr Cox is a director of D’vine Hospitality Solutions Ltd, Ostend Bar & Brasserie Ltd and Quaylife Property Management Ltd.

Application to wind up: Otago Station Estates faces liquidation

Defendant: Otago Station Estates Ltd

Directors: Stephen Cozens, Taupaki

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10am

Other details: Mr Cozens is a director of Echo NZ Funding Ltd, Hendrix Services Ltd, Novalis Ltd, Otago Station Vineyard Ltd, Otago Viticulture Trust Ltd, Thor Investments Ltd, Waitaki Braids Ltd, Waitaki Valley Viticulture Services Ltd & Waitaki Valley Wines Ltd. Colin Reynolds, director of Pakenham Group Ltd (ex-Symphony Group Ltd, in liquidation), resigned in December 2010.

Application to wind up: Wellwoods’ Phoenix Holdings faces liquidation, shareholder bankrupt

Defendant: Phoenix Holdings Ltd

Directors: Michael Wellwood, Hastings (now south-eastern Queensland); & Roderick Wellwood, Napier

Applicant: Bank of NZ

Hearing date: Friday 9 November at 10am

Other details: Tony Pattison & Maurice Noone (PWC) were appointed receivers on 20 July 2011. The bank, owed $3.46 million, took the company’s Puketapu orchard to mortgagee sale. Michael Wellwood filed for bankruptcy on 31 August.

Voluntary liquidation: Progress International (2011) closes

Company: Progress International (2011) Ltd

Directors: Sanjay Badakere, Blockhouse Bay; Kamlesh Lachhani, New Lynn; & Chandrakant Patel, Greenlane

Liquidation: 10 October

Liquidators: Daran Nair (Nair & Chen Chartered Accountants Ltd)

Creditors’ claims: Friday 16 November

Other details: Sanjay Badakere is a director of JS Accounting Services Ltd, Ubika Financial Services Ltd & Vani Creations Ltd. Kamlesh Lachhani is a director of Emkay Trading Co Ltd & Sun Trading Co Ltd. Chandrakant Patel is a director of Anesh & Sharmila Co Ltd.

Voluntary liquidation: Querida Smith Financial Services closes after business sold

Company: Querida Smith Financial Services Ltd

Directors: Querida Smith, Mangawhai

Liquidation: 3 October

Solvent: Yes, business sold

Liquidators: Peri Finnigan & Roy Horrocks (McDonald Vague)

Creditors’ claims: Friday 16 November

Voluntary liquidation: Sharp Decorating Services closes

Company: Sharp Decorating Services Ltd

Directors: Paul Sharp, Remuera

Liquidation: 5 October

Solvent: No, business sold

Liquidators: Grant Reynolds (Reynolds & Associates Ltd)

Other details: Mr Sharp is a director of Sharp Reinstatements Ltd and former director of Nyalic Architectural Systems Auckland Ltd.

Application to wind up: Southern Builders faces liquidation

Defendant: Southern Builders Ltd

Directors: Peter Gasson, Papakura

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10.45am

 

Voluntary liquidation: T&C Lash closes

Company: T&C Lash Ltd

Directors: Crystal & Terry Lash, Ellerslie

Liquidation: 4 October

Solvent: Yes, shareholders restructuring affairs

Liquidators: Victoria Toon (Corporate Restructuring Ltd)

Creditors’ claims: Friday 9 November

Application to wind up: Collins’ Totara Farm Estate faces liquidation

Defendant: Totara Farm Estate Ltd

Directors: Gary Collins, Waimauku

Applicant: Inland Revenue

Hearing date: Thursday 1 November at 10am

Other details: Mr Collins is a director of Nikau Property Farm Investments Ltd, Terrafirma Landscaping Ltd (in liquidation 2008) & The Great Outdoor Landscaping Co Ltd.

Voluntary liquidation: 2 Universal Stones companies close

Company: Universal Stones (Granite) Ltd & Universal Stones (Granite) Wellington Ltd

Directors: Siva Kilari, Henderson

Liquidation: 10 October

Liquidators: Pritesh Patel, Papatoetoe

Creditors’ claims: Friday 23 November

Other details: The companies are owned by Latha Suryadevara of Andhra Pradesh, India. Siva Kilari is a director of Kilari Trustee Co Ltd.

Application to wind up: Lees’s Zero Down faces liquidation

Defendant: Zero Down Ltd

Directors: Stuart Lees, Silverdale

Applicant: Inland Revenue

Hearing date: Friday 19 October at 10am

Other details: Mr Lees is a director of RADN Technology Solutions (NZ) Ltd (in liquidation 2010).

Turn the page: Part 1, Part 2,  Part 3,  Part 4

 

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

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U: The names behind the action, the week to 14 October 2012, part 2

Turn the page: Part 1, Part 2,  Part 3,  Part 4

 

Contents:

Jackson & Cole settles

Kamelca Carriers wound up

Lachlan Construction gets adjournment

M&R Contractors wound up

Mind-set Go NZ exits register, ends liquidation move

Castle Brown’s Newmarket Trustees wound up

Oval Trading settles

Pinecottage (2005) reaches settlement agreement

Richarri gets adjournment

Second Sight Recruitment Services (now Morrow Consulting) wound up

Seini Enterprises puts proposal

Street Pro Kits wound up

Surrey Crescent Laundry Developments settles

The Magic Story Box wound up

Traffic Consultants wound up

Walin Consulting settlement confirmed

Zenith Rubber (NZ) settles

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Friday 12 October, before Associate Judge Tony Christiansen.

The U  column 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.

12 October 2012:

Discontinued: Jackson & Cole settles

Court liquidation application, defendant: Jackson & Cole Ltd

Directors: Nigel Goodchild, Western Springs

Applicant: PPG Industries NZ Ltd

Other details: Mr Goodchild is a director of Cardigan Ltd.

Court liquidation: Kamelca Carriers wound up

Defendant: Kamelca Carriers Ltd

Directors: Meliana Pahulu & Campbell Pearce, Waiuku

Applicant: Inland Revenue

Liquidators: Colin McCloy & Craig Sanson (PWC)

Adjourned liquidation hearing: Lachlan Construction gets adjournment

Defendant: Lachlan Construction Ltd

Directors: Andrew Fawcet, Wellington

Applicant: Hiway Stabilizers NZ Ltd

Adjournment date: Friday 14 December at 10.45am

Other details: Mr Fawcet is a director of Alexander Lachlan Ltd, Cartgate Holdings Ltd, Cenatio Lyd, City Lodge Ltd, Coastal Escape Ltd, Colling Holdings Ltd, Contorto Ltd, Corinthius Ltd, Crown Land Management Trust Ltd, Delta Developments Ltd, Doricus Ltd, East Coast Leasing Ltd, Echinus Ltd, Evolo Ltd, Globe Holdings Ltd, Gracy-Anno Ltd, G-Sport Marketing Ltd, January Holdings Ltd, Jonicus Ltd, Lachlan Project & Construction Management Ltd, Lachlan Property Management Ltd, Lechner Ltd, Leewood Developments Ltd, Maurity Ltd, MKW Holdings Ltd, Ordo One Ltd, Pimento Holdings Ltd, Plum Property Management Ltd, Ridgeview Ltd, Romanus Ltd, Scapo Holdings Ltd, Seaside Haven Ltd, Strawberry Homes Ltd, Strawberry Developments Ltd, Tabulas Ltd, Tamarillo Developments Ltd, Tuscanus Ltd, Wakefield (Nelson) Ltd & Westshore Ltd.

Court liquidation: M&R Contractors wound up

Defendant: M&R Contractors Ltd

Directors: Ramasubramanian Narayanaraja, Kelston

Applicant: Yong Chul Hwang & Ae Soon Noh Hwang

Liquidators: Tom Rodewald & Stephen Wilkins (RHB Chartered Accountants Ltd, Tauranga)

Other details: Mr Narayanaraja is a director of Ram Sapra Holdings Ltd.

Struck off: Mind-set Go NZ exits register, ends liquidation move

Court liquidation application, defendant: Mind-set Go NZ Ltd

Directors: Camelia Savage, Papatoetoe

Applicant: Inland Revenue

Other details: The company was removed from the register on 14 September. Ms Savage is also a director of 3 other companies removed from the register this year – Mind-set Go Global Ltd, Savage R&C Ltd (both removed 22 May) & Murdoch & Midnight Properties Ltd (removed 17 August).

Court liquidation: Castle Brown’s Newmarket Trustees wound up

Defendant: Newmarket Trustees Ltd

Directors: John Brown, Remuera; & Patrick Castle, Parnell

Applicant: Inland Revenue

Liquidators: Colin McCloy & Craig Sanson (PWC)

Other details: The case was remitted back from the Court of Appeal after a decision in Inland Revenue’s favour on 6 August. Counsel for the company, Michael Fisher, said at the last call the case involved some important principles around the operation of a corporate trust account, and sought an adjournment to get advice on whether to appeal further. Counsel for Inland Revenue, Pauline Courtney from Crown Law in Wellington, who also acted in the Court of Appeal case, said today the application hadn’t been appealed further and the liquidation wasn’t opposed. Earlier in the High Court, Associate Judge Roger Bell commented that “Newmarket Trustees Ltd does not appear to have appreciated that the buying & selling of properties could give rise to the tax liabilities which it has incurred”, but exercised his discretion not to order liquidation of the company, which was trustee of more than 100 trusts established by the directors’ law firm, Castle Brown. This case has revolved around the Southern Lights Trust, whose settlor, Peng Hock (Tony) Goh, was a client of Castle Brown and also the other trustee. The Court of Appeal set out the background: “Unbeknown to Castle Brown, the trustees had been assessed for gst & income tax on assessable income derived from property transactions that had not been disclosed to Inland Revenue. Mr Goh failed to respond to Inland Revenue’s correspondence and to challenge the assessments. He also failed to disclose the correspondence & the assessments to Newmarket Trustees or Castle Brown. He was adjudicated bankrupt on 6 May 2010. In the meantime, Inland Revenue had taken steps to obtain payment of $293,251.23 for gst & income tax on the property transactions from Newmarket Trustees.”

Withdrawn: Oval Trading settles

Court liquidation application, defendant: Oval Trading Ltd

Directors: Vaughan Hickson, Albany

Applicant: Inland Revenue

Other details: Mr Hickson is a director of 40 Tealeaves (NZ) Ltd, Begra Developments Ltd (in liquidation 2008), Cylinder Holdings Ltd (in liquidation 2009), Fencible Homes Ltd, Forest Investments (NZ) Ltd, Highland Park Ltd (wound up 2009), Now Living Ltd (in liquidation 2006), South 40 Ltd, We Trade Houses Ltd, VRM Holdings Ltd (with Robert Reece & May Wang, company removed from register 2008) & Wild Pride Ltd.

Adjourned liquidation hearing: Pinecottage (2005) reaches settlement agreement

Defendant: Pinecottage (2005) Ltd

Directors: Denise Weck, Mt Maunganui

Applicant: McConnell Stafford-Bush & Associates Ltd

Adjournment date: Friday 7 December at 10am, for settlement

Other details: Counsel for McConnell Stafford-Bush, Natalie Tabb, said a settlement agreement was reached this morning. Accountancy firm McConnell Stafford-Bush’s Waiuku office is Pinecottage’s registered office.

Adjourned liquidation hearing: Richarri gets adjournment

Defendant: Richarri Ltd

Directors: Richard Richard, Manurewa

Applicant: Inland Revenue

Adjournment date: Friday 9 November at 10am

Other details: Mr Richard was a director of Palmer Richard Property Investments Ltd (removed from register 2011).

Court liquidation: Second Sight Recruitment Services (now Morrow Consulting) wound up

Defendant: Morrow Consulting Ltd (ex-Second Sight Recruitment Services Ltd)

Directors: Jonathan Collard, Bucklands Beach

Applicant: Inland Revenue

Liquidators: Official Assignee

Other details: The company changed its name on 4 July.

Adjourned liquidation hearing: Seini Enterprises puts proposal

Defendant: Seini Enterprises Ltd

Directors: Panama Le’au’anae, Pt Chevalier

Applicant: Inland Revenue

Adjournment date: Friday 9 November at 10.45am

Other details: The company has put a settlement proposal to Inland Revenue. Panama Le’au’anae is a director of Canal Investments Ltd

Court liquidation: Street Pro Kits wound up

Defendant: Street Pro Kits Ltd

Directors: Izaaz Ibnaz Ali, New Lynn

Applicant: PJ Hobbs Industries Ltd

Liquidators: Boris van Delden & Peri Finnigan (McDonald Vague)

Other details: Mr Ali is a director of Streetpro Customs Ltd.

Discontinued: Surrey Crescent Laundry Developments settles

Court liquidation application, defendant: Surrey Crescent Laundry Developments Ltd

Directors: Evan Hamlet, Whangarei

Applicant: Bracewell Ltd

Other details: Mr Hamlet is a director of 75 Customs Street Ltd, 75 Customs Trustee Ltd, Dryden Trustee Ltd, Great Laundry Ltd, Huanui College Ltd, Red Rock Bay Ltd & Selcowyn Trust Ltd.

Court liquidation: The Magic Story Box wound up

Defendant: The Magic Story Box Ltd

Directors: Jing Kristine Li, Kumeu

Applicant: Labyrinth Solutions Ltd

Liquidators: Peri Finnigan & Roy Horrocks (McDonald Vague)

Court liquidation: Traffic Consultants wound up

Defendant: Traffic Consultants Ltd

Directors: Hikuleo – Ki-Tonga Nick Aloua, Blockhouse Bay

Applicant: Traffic Management NZ Ltd

Liquidators: Official Assignee

Settlement: Walin Consulting settlement confirmed

Court liquidation application, defendant: Walin Consulting Ltd

Directors: Linda & Warahi Paki, Henderson

Applicant: Inland Revenue

Other details: Warahi Paki is a director and Linda Paki a former director of Walin Ltd and both are directors of Babe Tutu Ltd.

Withdrawn: Zenith Rubber (NZ) settles

Court liquidation application, defendant: Zenith Rubber (NZ) Ltd

Directors: John Brook, Manurewa (ex-Christchurch)

Applicant: Inland Revenue

Other details: Mr Brook is a director of Fort Manufacturing Ltd & Fort Rubber Ltd.

Turn the page: Part 1, Part 2,  Part 3,  Part 4

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

Want to advertise on this page? Call 021 894 858 or email [email protected].

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U: The names behind the action, the week to 14 October 2012, part 1

Turn the page: Part 1, Part 2,  Part 3,  Part 4

 

Contents:

Interim liquidator appointed to 154 Grey Street

About Electrix wound up

C&D Industries settles

CDA Architecture settles

Chiltern Contract Cleaning settles

Chipmunks Manukau gets more time to sell

Cold Freight Xpress wound up

Country Water Services settles

Curwood Contracts starts settlement

Desynz settles

Eagle Wire Products & Tawil Holdings matters withdrawn from list

Fire Compliance Services settles

Short adjournment for Forest Trustee

Hardie Engineering wound up

Harris Built settles

Ropihas’ Hauraki Financial Services settling

Hendriks Holdings settles

Hopkins Cage Construction puts proposal

Names, connections, 2+2

Parts 1-2 of this week’s U column are from the Auckland High liquidations list on Friday 12 October, before Associate Judge Tony Christiansen.

The U  column 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.

12 October 2012:

Court interim liquidation: Interim liquidator appointed to 154 Grey Street

Defendant: 154 Grey Street Ltd

Directors: Owen Boase, The Gardens; & Andre Newlands, Palmerston North

Applicant: Radaka Co Ltd (as trustee of the LLB Trading Trust)

Liquidators: Grant Reynolds (Reynolds & Associates Ltd) interim liquidator

Other details: Counsel for Radaka, Edward Grove, said the application was intended to unlock the deadlock between the 2 directors. “Nothing has happened since the last call. We have no company accounts whatsoever disclosed to the co-director or shareholders in the last 2 years. It appears the other director has running all money to his own personal accounts. An interim liquidator can protect matters. No opposition has been filed but we don’t actually know if this company is in financial difficulty.” Mr Boase is a director of Pondebosa Properties Ltd & Radaka. Mr Newlands is a director of Alchemist Trustees (2008) Ltd, DBS Finance Ltd, DHN Advisory Ltd & DHN Legacy Ltd.

Court liquidation: About Electrix wound up

Defendant: About Electrix Ltd

Directors: Ishrat Ali, Manukau

Applicant: Inland Revenue

Liquidators: David Levin & David Vance (Deloitte Ltd)

Settlement: C&D Industries settles

Court liquidation application, defendant: C&D Industries Ltd

Directors: Lynne & Stanley Royston, Albany

Applicant: Inland Revenue

Other details: The company owns 3 commercial units in a building subject to leaky home problems, but believed an orderly sale would enable settlement. The Roystons are directors of Access Real Estate Ltd, Caribbean Merchants Ltd, Pirates Liquor Ltd, Queens Park Clothing Ltd (removed from register 2010), Royston Properties Ltd & Royston Realty Ltd (removed from register 2010).

Settlement: CDA Architecture settles

Court liquidation application, defendant: CDA Architecture Ltd

Directors: Brett Taylor, Glendowie

Applicant: Group CDA Design Ltd

Other details: CDA settled with both the plaintiff and the supporting creditor. Mr Taylor’s Group CDA Design was wound up on Inland Revenue’s application in April 2011. He’s a director of Corporate Design Associates Ltd (removed from register 2002), CDA Design Ltd, CDA Pacific Ltd, Group CDA Ltd (in liquidation, removed from register) & Outset Investments (NZ) Ltd (in receivership & liquidation).

Settlement: Chiltern Contract Cleaning settles

Court liquidation application, defendant: Chiltern Contract Cleaning Ltd

Directors: Valerie & Vincent Oldfield, East Tamaki Heights

Applicant: Inland Revenue

Adjourned liquidation hearing: Chipmunks Manukau gets more time to sell

Defendant: Chipmunks Manukau Ltd

Directors: Debra Steffany, Botany Downs

Applicant: Inland Revenue

Adjournment date: Friday 7 December at 11.45am, for settlement

Other details: Sale of the company’s childcare business was scheduled for the end of August, but that deal fell through and Inland Revenue lawyer Cloete van der Merwe said there’d been no progress. Counsel for the company, David Hurd, said attempts were still being made to sell the business. Ms Steffany is a director of Accent on Kidz Ltd, and a former director of Lancier South West Pacific Ltd.

Court liquidation: Cold Freight Xpress wound up

Defendant: Cold Freight Xpress Ltd

Directors: Dennis Hawkins, Titirangi

Applicant: Inland Revenue

Liquidators: Official Assignee

Discontinued: Country Water Services settles

Court liquidation application, defendant: Country Water Services Ltd

Directors: David Cunningham, Flat Bush

Applicant: Inland Revenue

Adjourned liquidation hearing: Curwood Contracts starts settlement

Defendant: Curwood Contracts Ltd

Directors: Safia Sabbir, Chapel Downs

Applicant: Inland Revenue

Adjournment date: Friday 9 November at 10.45am, for settlement

Other details: The first $15,000 was paid today. Safia Sabbir is a director of Topland Holdings Ltd.

Settlement: Desynz settles

Court liquidation application, defendant: Desynz Ltd

Directors: Michael Hodgkinson, St Heliers

Applicant: MDS Law

Other details: Mr Hodgkinson is a director of FX Bikes Ltd.

Withdrawn: Eagle Wire Products & Tawil Holdings matters withdrawn from list

Court liquidation application, defendant: Eagle Wire Products Ltd & Tawil Holdings Ltd

Directors: Hadley Wright, Murrays Bay

Applicant: All Metals Trading Co Ltd

Other details: The application was previously adjourned for a timetable to be set for a defended hearing but, instead, Associate Judge Christiansen withdrew both matters from the list. Mr Wright is a director of Faulkner Collins Ltd, wound up & receivers appointed in November 2010 after he fought for more than 2 years to keep it alive. He’s also a director of Anderton Holdings Ltd, CHW Investments Ltd, Master Maintenance Services Ltd, Ritesteel Ltd, Steel North Shore Ltd, Steel South Auckland Ltd, Tawil China Imports Ltd, Tawil Holdings Ltd, Tawil Manufacturing Ltd, Weltai Investments Ltd, Wire By Design Ltd (liquidators & receivers appointed 9 May) & Wrights Investments Ltd.

Struck out: Fire Compliance Services settles

Court liquidation application, defendant: Fire Compliance Services Ltd

Directors: Laurence Christiansen, Army Bay

Applicant: Inland Revenue

Other details: The company stopped trading in May 2011.

Adjourned liquidation hearing: Short adjournment for Forest Trustee

Defendant: Forest Trustee Ltd

Directors: Milton Mawhinney, Waitakere

Applicant: Auckland Council

Adjournment date: Wednesday 24 October at 10.45am

Other details: Milton Mawhinney’s brother, Peter Mawhinney, a shareholder, said at the first call of the application the trust had been trying to get resource consents processed for the last 12 years or so. Members of the Mawhinney family are the beneficiaries. Peter Mawhinney, former director of this & other development companies, had long-running battles with councils over his proposals for development in Waitakere and was adjudicated bankrupt on Inland Revenue’s application in July 2010. He became the holder of one share in this company on 17 July. Milton Mawhinney became director of this & some other Peter Mawhinney companies in 2010-11 – Greg Vesey Enterprises Ltd, North Kaipara Nominees Ltd, Otium Trustee Ltd & Zebra Crossings Trading Ltd. He’s also a director of Sixty-six Auckland Ltd.

Court liquidation: Hardie Engineering wound up

Defendant: Hardie Engineering Ltd

Directors: John Hardie, Waiuku

Applicant: Inland Revenue

Liquidators: Official Assignee

Withdrawn: Harris Built settles

Court liquidation application, defendant: Harris Built Ltd

Directors: Andrew Harris, Meadowbank

Applicant: Inland Revenue

Adjourned liquidation hearing: Ropihas’ Hauraki Financial Services settling

Defendant: Hauraki Financial Services Ltd

Directors: Brian & Pauline Ropiha, Dannemora

Applicant: Kerry Swan

Adjournment date: Wednesday 15 February at 10am, for settlement

Other details: The debt has been partly paid. Mr Ropiha is a director of Eastside Management Ltd (removed from register 29 February) and a former director of Southern Soldiers Inc Ltd.

Struck out: Hendriks Holdings settles

Court liquidation application, defendant: Hendriks Holdings Ltd

Directors: Karen & Ronald Hendriks, Remuera

Applicant: Inland Revenue

Adjourned liquidation hearing: Hopkins Cage Construction puts proposal

Defendant: Hopkins Cage Construction Ltd

Directors: William Cage, Pt Chevalier (now Mangere)

Applicant: Inland Revenue

Adjournment date: Friday 9 November at 10am

Other details: The company has put a settlement proposal to Inland Revenue. Mr Cage is a director of Cage Construction Ltd, Cawcage Products Ltd, CW Construction Ltd & Hippo Environmental Services Ltd.

Turn the page: Part 1, Part 2,  Part 3,  Part 4

If you want to comment on items in the U column, Go to the forum or send an email to [email protected].

 

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

 

Want to advertise on this page? Call 021 894 858 or email [email protected].

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