There are currently eight Stirling Sport stores up for sale.
Hamleigh Holdings’ total estimated shortfall to creditors amounts to $760,000.
According to Hunt, there are several security interests registered against the business, including Westpac NZ, Nike New Zealand, Adidas NZ, Brand Collective, Liquid Brands and Brittain Wynyard & Co (a sports and lifestyle products distributor).
Preferential creditor amounts include an estimated $15,000 owed in staff wages and holiday pay, and a further $35,000 owed in GST and PAYE to Inland Revenue.
Unsecured creditors are owed the largest amount at an estimated $650,000, with listed unsecured creditors including the Accident…