When the group props stopped working
Six companies tied to construction firm NZ Build Group were placed into liquidation by the High Court at Auckland on the application of the Commissioner of Inland Revenue, with the construction downturn blamed directly. The parent, NZBG itself, went into liquidation on August 7, 2026 after an IRD application, owing $6.2 million to the tax department against a statutory demand for $5.01 million.
The operating business, which had employed around 250 people across residential, commercial, education and infrastructure work, was sold out of receivership in an $8.2 million deal backed by Canadian investor David Poirier, with creditors expected to recover about 84% of their claims….