A track record of operating in Christchurch for nearly 90 years has ended for Idiens Sheetmetal & Roofing after it was forced to shut its doors owing creditors $1.13 million.
The cladding, roofing and flashing business was put into liquidation in the High Court of Christchurch after an application by Inland Revenue (IRD) on October 16.
The total shortfall owed to creditors includes nearly $647,000 to IRD and 25 unsecured creditors who are owed nearly $480,000.
Idiens’ eight employees were paid in full, including a four-week notice period, after they were let go.
PricewaterhouseCoopers insolvency practitioners Wendy Somerville and Malcolm Hollis said in their first creditors and shareholders report that they were advised the…