Stonewood Homes managing director and found Brent Mettrick says the closure of franchises in Marlborough and Hamilton is not indicative of a wider endemic.
Stonewood Homes Marlborough has gone into liquidation, with debts of more than $1 million.
The franchise of nationwide construction company Stonewood Homes went into liquidation last year, appointing Biz Rescue chartered accountant Geoff Falloon as liquidator on August 28.
In the first liquidator report, in September last year, Falloon said the company had assets valued around $160,000.
This was enough to pay off secu…
Read the full article at: http://www.stuff.co.nz/business/76064840/Stonewood-Homes-Marlborough-in-liquidation-owes-more-than-1-million