The director of an award-winning Central Otago painting company being liquidated owing $1.6 million says he put his ‘‘heart and soul’’ into the business and is gutted he could not save it.
Mohammed Jameel & Son’s Ltd was placed into liquidation this month by shareholder resolution.
The company traded as MJS Painters + Decorators, which was based in Cromwell and serviced the Queenstown, Arrowtown, Frankton, Gibbston and Wānaka areas.
The liquidators’ first report, released last week, estimated liabilities of $1,609,110.36 to Inland Revenue Te Tari Taake and $40,000 to secured creditors.
‘‘Poor trading conditions meant the company could not meet its debts as they fell due.
‘‘The company had been issued a…