In their first liquidator’s report, Mason-Thomas and Meltzer said directors had taken multiple reviews and restructures of the company’s business.
“However, since 2020 and Covid, the declining student population and adverse economic climate have contributed to difficult trading conditions.
“After careful consideration and taking professional advice, the directors have recommended to the shareholders that the appropriate decision is to place the company in liquidation.”
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Companies Office records show Michael Ferrand, David Fulton, Christiana Malone and Michael Moynahan are directors of the company.
The company is owned by AUSA Investment Trust, a registered charity to support the Auckland University…