A Christchurch construction company has gone into liquidation, leaving behind significant debt and limited assets.
Select Building Limited, which operated in Canterbury, was placed into liquidation on 3 July by special shareholder resolution. Brenton Hunt of Insolvency Matters Limited has been appointed liquidator.
According to the initial report, the company ceased trading in July 2025 and is insolvent, with estimated debts totalling over $329,000. This includes $210,000 owed to Inland Revenue and staff as preferential creditors, and another $150,000 to unsecured creditors.
The report shows that the company’s remaining assets are minimal. Two vehicles, both under finance, and a small amount of plant and equipment are to be sold….