JOSEPH JOHNSON/FAIRFAX NZ Rolleston is one of Canterbury’s fastest growing towns. The $13 million failure of property company FCL Holdings (in liquidation) means a planned special housing subdivision at Rolleston near Christchurch is unlikely to proceed in the near future. FCL entered a purchase agreement in mid-2016 to buy the rural block from interests associated with Dryden Trust and Dean and…
Laetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring A building company has collapsed owing almost $2 million to 130 creditors including 30 homeowners who have been left in the lurch, some of them for the…
Share this story: JOSHUA LEVI SOUTH Head Synagogues board has appointed a voluntary administrator, Rabbi Benzion Mileckis contract has been terminated and three members have loaned the shul $500,000 to ensure the bank cant sell the property. Shul president James Hochroth informed members on Thursday night that the administrator has terminated Rabbi Milecki, who has…
Sharon Bio Medicine Ltd: * Says initiation of corporate insolvency resolution process and appointment of interim resolution professional Source text for Eikon: Further company coverage: ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Healthcare ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if (k + 1…
Alan Brown MP The case for the introduction of a Bill to safeguard and release cash retentions in the construction industry was made to MPs at Westminster yesterday. In a Motion debate in the House of Commons, Alan Brown MP said unprotected cash retentions should not exist in the 21st century and described the human loss…
The number of people who have become personally insolvent is expected to have increased in official figures released on Friday. Experts predict there will be around 23,000 to 24,000 cases recorded across England and Wales during the first quarter of 2017 in figures released by the Insolvency Service. Previous figures show there were 22,852 personal…
Related Story: Investigators raid offices of man linked to tax avoidance scheme A building company linked to underworld figure Mick Gatto has been targeted in an online campaign by sub-contractors who say the company has ripped them off after they did work on apartment complexes. Key points: The building company is…
Brisbane based Vanessa Garrard founded E3 Style in 2006, she called in the administrators in 2016, now the former CEO, who is currently in a major legal battle with Brisbane based distributor The Crest Company, is trying to kick start a new business called SourceHub. She claims that this Company was formed because of the…
Victorias Novatel Telecommunications has gone into liquidation, leaving debts of more than $2 million to a range of creditors, including Emersion Software Systems, Wirefree Broadband, Megaport and Loanworks Technology. Jirsch Sutherland partner, Malcolm Howell, was appointed as liquidator for the Melbourne-based telecommunications company on 16 March. According to documents lodged with the Australian Securities and…
In an effort to continue the expansion of their ever-growing service portfolio, Unified Communications dynamo, Elitetele.com recently purchased Comms Supply, their 13th business purchase since 2008. Comms Supply, a Norwich-based business communications service provider, has been brought out of liquidation thanks to the new deal from Elitetele.com, with all employees now joining the purchasing company.…