Yesterday, the Herald revealed the burger chain’s holding company, BurgerBurger Holdings, had been placed into receivership.
Waterstone’s Adam Botterill was appointed receiver of that business on Wednesday by Beach Road Holdings.
BurgerBurger Holdings (in receivership) is the shareholder of the two businesses that are in administration.
The holding company has 11 shareholders, the largest of which is SMB Investment Trustee – Gilmour and Stephen Buckley’s trustee business – which has a 57.95% stake. Other large shareholders include Morrow 1 Limited Partnership, which has 17.04% and Adrian Chilton with 13.83%.
The chain has stores in Ponsonby, Commercial Bay, Torbay, Takapuna (currently closed and being refitted), Hamilton and…