A Christchurch building company has gone into court liquidation owing just over $500,000 in mainly unpaid tax bills.
Knox Builders Ltd was found to have failed to account for taxation in a first report by the Official Assignee after it was appointed liquidator by the High Court at Christchurch last month.
Inland Revenue made the application to wind up the house construction, renovation and repair business owned by sole director and shareholder Jordan Knox.
The Official Assignee said the IRD was owed nearly $485,000, as well as $1800 in applicant costs, of the total estimated shortfall.
Law firm Cavell Leitch was the other unsecured creditor identified at this stage, and was owed just over $17,000.
The Official Assignee said it was…