A Canterbury civil engineering and construction company is in liquidation owing creditors more than $1.8 million.
Civil and Land Construction Ltd worked in road-building, earthworks and other construction until it stopped trading.
It was placed into liquidation by the High Court at Christchurch on November 27 after an application by Inland Revenue.
PwC insolvency practitioners Wendy Somerville and Malcolm Hollis were appointed liquidators.
In the first liquidators’ report, their total estimated shortfall follows Inland Revenue filing a preferential claim of just over $807,000 and nine unsecured creditors owed nearly $1.08m.
Further claims are expected to follow and about $47,000 is owed to former employees.
Civil Land…