Liquidation stories
Renowned insolvency expert Michael Makridakis joins Taylor David
Mon, 16th Sep 2024
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liquidation
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financial services
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law firms
Michael Makridakis has joined Taylor David as a Partner, bringing over 20 years' experience in multi-jurisdictional insolvency to the renowned law firm.
Dick Smith Electronics' Liquidation reveals grim financial state after seven years
Fri, 1st Sep 2023
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dick smith
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financial results
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liquidation
KPMG's latest report on Dick Smith Electronics' liquidation reveals NZ$245.5M in secured debt and ongoing legal battles.
Aryza launches financial software solution in UK and Ireland
Thu, 20th Jul 2023
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it automation
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financial systems
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liquidation
The platform is designed to help businesses to optimise receivables management and generate more liquidity, according to the company.
$1.5 million owed to creditors in collapse of WhitelabelNZ
Thu, 16th Feb 2023
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pledgeme
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distributors
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liquidation
We summarise the creditors and financial position of third part sales agency WhiteLabel which is now in liquidation.
It's official, WhiteLabel NZ goes into liquidation
Mon, 16th Jan 2023
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crowdfunding
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pledgeme
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distributors
The story of WhiteLabelNZ has ended abruptly with the company's liquidation following an unsuccessful fundraising campaign.
Whitelabel NZ fundraising effort fails to meet goal
Mon, 5th Dec 2022
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crowdfunding
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pledgeme
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distributors
Whitelabel NZ's failed fundraising campaign and alleged misleading information about its business practices have raised concerns.
The imminent failure of WhiteLabel NZ, liquidation next?
Thu, 1st Dec 2022
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crowdfunding
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pledgeme
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distributors
Outsourced sales & marketing company, WhiteLabel NZ, faces financial troubles as staff leave & funds are owed. #BusinessNews #WhiteLabelNZ.
Up to $2.4 million shortfall in the collapse of IndeServe
Fri, 1st Jul 2022
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data analytics
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martech
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planning
Networking service provider IndeServe has appointed liquidators, with a potential shortfall of between $1 million and $2.4 million.
Longstanding Kiwi field service contractor Indeserve in liquidation
Fri, 3rd Jun 2022
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data analytics
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martech
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planning
IndeServe, a longstanding local service contractor that has worked with companies including IBM, Fujitsu and Datacom, has voluntarily filed for liquidation.
NFT trends and opportunities: expert reveals all
Fri, 13th May 2022
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cryptocurrency
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blockchain
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ar, vr & metaverse
The NFT market is growing at an exponential rate, with unprecedented liquidity. Here we explore how businesses can profit.
Hills and Milestone Systems to trade punches in court
Fri, 16th Feb 2018
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saas
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martech
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digital entertainment
Hills Limited slams Milestone Systems' request to have it wound up, calling it an abuse of power, as both companies prepare for a court battle this month.
UPDATED: ATEED in talks with BizDojo Auckland liquidators to discuss recoveries
Fri, 2nd Feb 2018
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bizdojo
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co-working spaces
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mental health
The liquidator first report states that BizDojo Auckland Ltd has not been able to provide a balance sheet and does not own any assets.
Dick Smith creditors vote for liquidation of failed company
Tue, 26th Jul 2016
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personal computing devices
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apple
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synnex
Dick Smith Holdings creditors have voted to place the failed business into liquidation in a last ditch effort to recoup some of their lost money.
Books close on Mecari with 13.86 cents in the dollar payout to creditors
Mon, 11th Jul 2016
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synnex
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ird
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mecari
Unsecured creditors of failed POS distributor Mecari, previously known as Pos Pos, have received small payments as the company's liquidation winds up.
Mako: Spark owed $26.9m, little chance of funds for unsecured creditors
Wed, 25th Nov 2015
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physical security
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ird
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mako networks
Spark NZ was owed $26.9 million when Mako Networks went into receivership, with little chance of unsecured creditors recouping their funds.
Mako Networks sold to US provider
Wed, 7th Oct 2015
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physical security
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risk & compliance
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mako networks
United States telecommunications service provider D&S Communications has acquired the assets of Mako Networks from the company’s receivers.
Mako Networks debts top $30 million; $25m deficit expected
Wed, 9th Sep 2015
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physical security
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email security
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mako networks
Failed network management company Mako Networks has liabilities of more than $30 million, with an estimated deficit of $25m expected.
Spark calls in receivers for Mako Networks
Tue, 25th Aug 2015
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physical security
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mako networks
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intellectual property
Mako Networks in liquidation, Spark steps in as secured creditor to appoint receivers, thwarting the tech firm's financial tailspin.
Liquidators of China milk exporter may claw back $145,200 from Chinese directors
Tue, 14th Apr 2015
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ird
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ncf international
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liquidation
Liquidators of a failed milk exporting company, which became insolvent after losing an unfair dismissal case with employees, may force the company's C.
Springpark developer Gapes liquidates 'unused entity' as part of tidy-up
Mon, 13th Apr 2015
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construction
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investment
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funding
Tony Gapes, the developer building Springpark, which is among Auckland's largest residential projects, has liquidated one of his investment vehicles,.