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Winemaker Sacred Hill tips into liquidation nbr.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbr.co.nz Daily Mail and Mail on Sunday newspapers.
Stonewood case settled scene.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scene.co.nz Daily Mail and Mail on Sunday newspapers.
Two Sacred Hill companies placed in liquidation, staff owed $290k stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Dasha Kuprienko/Stuff Rilean Central Otago director Gary Dent is the only director of the company after fellow director Stephen McLean resigned in June 2020, four months before the company went into liquidation. The liquidator’s first six-monthly report released in May said there was evidence of a shortfall in retention money. Some $418,422 retentions had been claimed, the report said. “We have raised the matter with the company directors who are actively working to rectify this issue. Discussions remain ongoing,” the report said. “At this stage we’re expecting that all retention creditors will get paid what is owing to them, but there will be a number of unsecured creditors who will suffer a shortfall. What exactly that is at the moment I don’t know,” Cain told ....
The investigation would likely finalise within six months, with ordinary unsecured creditors unlikely to be distributed any of the company’s remaining $18,884 in the bank, unless further funding was provided or assets were recovered, he said. Unsecured creditor, Coldstore Construction Ltd, said it seemed ridiculous the liquidator s investigation would be dropped, unless someone took a private action. MARTIN DE RUYTER/Stuff The Richmond home of Nevil and Amber Basalaj with the trailer used by Basalaj for speedway racing. Owner Chris Millson said from information received in the latest liquidator’s report – not paying tax, employees and creditors would suggest some significant and fundamental shortfalls by the company directors. ....