Grant Thornton released its third report to shareholders and creditors of SolarZero and its associated companies yesterday.
The liquidators noted that inventory held at seven sites across Christchurch, Wanaka, Hamilton and Auckland had now all been collected and sold via online auctions, realising a total of $1,023,966.
Meanwhile, fixed assets had been sold for $41,102 and debtor collection had clawed back $9654, with further recovery actions underway.
“As previously reported, a significant receivable balance on the SZL [SolarZero Ltd] balance sheet has been identified and the relevant party contacted.
“The receivable is being challenged by the relevant party and the liquidators continue to assess legal recovery options.”
Revenue of…