Another two Canterbury building companies have gone into liquidation after accumulating debts.
Alpha Construct Ltd owes a combined $867,000 to Inland Revenue (IRD) and creditors, while unrelated company Gellatly Builders Ltd has an estimated total shortfall of about $297,000.
Alpha Construct shareholders and directors Keith Carney and Sarah Browne voluntarily put their company into liquidation after seeking professional advice.
Insolvency Matters liquidator Brenton Hunt said in his first report released on January 26 the company had fallen behind with IRD assessments.
IRD was owed about $500,000 and unsecured creditors about $350,000.
The directors gave staff notice in November and stopped trading, he said.
Mr Hunt said the…