Their first report said the business was affected by Covid-19, poor trading conditions and a lack of guest stays, which left the company unable to meet its debts.
The only known debt listed was more than $1.06m to Inland Revenue (IRD).
The Bank of New Zealand and the site’s landowner, Pukaahu Domain Whānau Trust, were among a handful of other known creditors.
Liquidators expected further claims to emerge. It was unclear whether creditors would be repaid, the report said.
Waterstone Insolvency Wellington manager Bede Henderson told NZME that it completed a thorough appraisal and kept the business operating for four months while attempting to sell it, before it closed.
Henderson said a…