Marine engineering company goes bust owing more than $3 million

Colin Smith

Nelson Reliance Engineering Ltd, owned by Nevil Basalaj (pictured), owes more than $3 million to around 200 creditors, a liquidators’ report shows.

Nelson Reliance Engineering, once a key player in the region’s marine engineering industry, has gone into liquidation, owing more than $3 million.

The boat-building business, owned by Nevil Basalaj, owed around 200 creditors a total of $3,195,316.50, the liquidators’ first report showed.

That included a claim by the Inland Revenue Department for just over $405,000 in unpaid GST, Child Support Deductions, Income Tax, Kiwisaver …

Marine engineering company goes bust owing more than $3 million – Stuff.co.nz