Their initial reports to creditors and shareholders were published on Friday.
Te Puke-based Glenn Meikle was the sole director of the three companies at the time of the liquidations.
The Juicy Festival report said Meikle told liquidators the company’s inability to obtain a liquor licence made it “unviable” for the festival to go ahead.
AdvertisementAdvertise with NZME.
He told them cancelling “meant the company forfeited a large amount of money paid to host the events, and to artists, leaving the company unable to repay ticketholders and other creditors”.
This led to the liquidation decision.
Meikle also advised the failures of the two Timeless companies were caused by “a related…
