Liquidator gives first glimpse of SolarZero's collapse – BusinessDesk
Liquidator gives first glimpse of SolarZero’s collapse BusinessDesk Read the original article here
Aether Pacific facing liquidation with creditors owed NZ$9m
Christchurch-based Aether Pacific Pharmaceuticals (APP) is facing liquidation with creditors owed nearly NZ$9 million. The company formerly known as Medical Kiwi, which operates a cultivation facility and a clinical network, called in administrators last month after hitting financial difficulties. The Press reports the firm’s liabilities include $63,000 owed to staff in wages and holiday pay,…
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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
SolarZero collapse: Liquidators’ first report reveals more than $40 million owed
Trade creditors with security are owed $3.1m. There are 598 unsecured creditors who are owed just over $34.9m. This includes $4.1m owing to trade creditors and $24.4m in intercompany payables. “At this stage, it is unknown if there will be any funds available to make payment to unsecured creditors,” the report said. AdvertisementAdvertise with NZME.…
Nellis Auction opens 2nd Las Vegas store
A beloved Las Vegas liquidation store has opened a new location. Nellis Outlet, the second location of Nellis Auction, opened Nov. 29 inside the Meadows Mall at 4000 Meadows Lane. The liquidation stores buy and resell returned items from places such as Amazon at highly discounted rates. The store is open from Friday to Tuesday,…
Liquidator’s report shows SolarZero creditors are owed $40 million – Stuff
Liquidator’s report shows SolarZero creditors are owed $40 million Stuff Read the original article here
David Millar’s cycling clothing brand CHPT3 enters liquidation and ceases trading immediately
CHPT3, the cycling clothing brand founded by former pro racer David Millar, has entered liquidation and ceased trading with immediate effect. The brand’s website now just displays a statement communicating the news, the notice saying that Wilson Field Limited has been instructed to assist in the liquidation and CHPT3 has “now ceased to trade”. It…
Business insolvencies ‘much higher’ than in GFC — economist
Business insolvencies are running at more than double the rate of last year — and one economist says the failure rate exceeds that of the global financial crisis. There were 72 liquidations in October administered by the Insolvency and Trustee Service, just down from 74 in September. Of those, 37 were in Auckland. In comparison,…
Wellington food company in liquidation after 32 years – Stuff
Wellington food company in liquidation after 32 years Stuff Read the original article here
Wellington’s Alamir Bakery in liquidation after 32 years in business, production halted
Their products could also be found in Wellington’s Moore Wilson’s and Auckland’s Farro Fresh. Alamir’s product range includes hummus, falafel, and pita bread but customers have noticed them missing from supermarket shelves recently. Photo / Alamir Bakery. In 2021, managing director Ali Dia told the Herald the company was started by his father as an…