Audio-visual technology supplier and distributor ActiveVision NZ has gone into liquidation after an attempt to reach a compromise with creditors appears to have failed or been abandoned.
According to a document posted to the Companies Office, the company owed around $1.2 million after proposing a deal whereby creditors would receive 70% of what they were owed by the end of September 2027, over a four-payment schedule.
The compromise proposed all of the payments would be deemed full and final settlement of the debt owed and any personal guarantee given in relation to those debts would be irrevocably waived and released when the final payment was made.
Creditors would also have to continue to provide goods and/or services to…
