Clint Webber, left, and John and Michael Chow, of Inno Capital, bought building firm Stonewood Homes earlier in March.
Two Stonewood Homes franchises have gone into liquidation, just one week after the Chow brothers severed ties with the building firm’s founder.
Stonewood Blenheim Region and Stonewood Homes New Plymouth, run by Brent Mettrick, went into liquidation on Wednesday.
Bryan Williams, of BWA Insolvency, has been appointed liquidator. His first report is due on Friday.
JOHN KIRK-ANDERSON
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