About 4.30pm, the Companies Office updated its website to say E Cycles NZ Limited has had liquidators, receivers or voluntary administrators appointed.
The liquidators are Kieran Michael Jones and Steven Khov.
Two accountants from Khov Jones were combing through the shop when the Herald visited.
They would not discuss their activities inside the store.
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The Herald saw one accountant place the notice in the window. It read: This store is temporarily closed. For enquiries, please contact us at [email protected].