In their second six-monthly liquidator’s report, released June 16, Khov and Jones said they had realised an estimated $209,546 in assets owned by the company, after receiving consent from the BNZ to realise assets that were subject to its security interest.
This included $17,533 in cash, $154,653 in on-hand stock and $37,360 in vehicle assets, the latter of which is understood by the liquidators to be subject to a registered security interest.
Khov and Jones said they had taken steps to deal with the company’s assets and inventory in stages, noting that it was not all located in one place.
The pair are also in the process of realising some inventory while bulk-selling lots to select customers individually.
This is recognised in the book…