Two southern businesses have been placed in liquidation for appearing to fail to account for taxation.
Invercargill-based building firm L K McCormack was placed in liquidation in the High Court at Invercargill on March 12, owing an estimated $339,000.
That was on the application of the commissioner of Inland Revenue Te Tari Taake and the official assignee was appointed liquidator.
The company — whose sole shareholder and director was listed as Logan Kevin McCormack — had ceased trading, the liquidator’s first report said.
Communication had been established with Mr McCormack to obtain the company’s financial statements and a statement of affairs.
They were investigating whether there were any assets of benefit to creditors,…