Another company owned by Otago businessman Malcolm Burns is in liquidation, this time owing more than $893,000.

Titan Bulk Haulage Ltd, described as a road freight transport service, was placed into liquidation in the High Court at Dunedin on May 23 on the application of Inland Revenue.

The official assignee was appointed as liquidator and, in the first report this week, it said the cause of the liquidation appeared to be related to a failure to account for taxation.

The liquidator was conducting searches and investigations through various databases and other avenues to locate any further asset interests that were of benefit for creditors.

Last year, a raft of trucks and other vehicles were repossessed from Titan Bulk Haulage following …

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