A Christchurch construction company has been placed into liquidation owing an estimated $500,000 to unsecured creditors, with little chance of repayment, while the whereabouts of its director remain unknown.
Three60degrees Limited was put into liquidation by the High Court on 5 March, with Brenton Hunt appointed as liquidator.
In his first report, Hunt said the company was insolvent and early investigations suggest there are unlikely to be any funds available for unsecured creditors.
The company, incorporated in 2018 and based in Addington, operated in the construction sector under the trading name Three60Degrees.
The liquidator said he had been unable to speak with director Joshua Stevenson to determine the company’s history or the…