Ngaiwi Developments owes Inland Revenue $2.3m, NZ Mortgages and Securities $793,000, Edenbay Properties $270,000 and unsecured trade creditors $479,000, the report said.
Total debts are yet to be quantified but the only assets are $25,000 cash in the bank, according to Tony Maginness and Jared Booth.
Stewart had the liquidators appointed when various factors combined to mean his company could not continue.
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A Google Street View image showed a Sorenson Build’s sign at the front of the site in June 2022.
However, a check with that business resulted in the Herald being told the company was not a creditor. Sorenson is not a creditor in the schedule on the liquidators’ initial report.
