A Christchurch courier company has buckled under financial pressure, owing creditors more than $1.2 million and leaving staff out of pocket.
NJ & MS Holdings Ltd is in debt by about $586,000 to Inland Revenue (IRD) and just over $632,000 to unsecured creditors, while staff claims are nearly $35,000.
The company, trading as Point to Point, was placed in liquidation on the application of IRD at the Greymouth High Court on June 30.
An official assignee from Insolvency & Trustee Service was appointed liquidator and released an initial report on August 7.
Previously registered under an office in Greymouth, the company’s sole shareholder and director is listed as Taipua Feast in the NZ Companies Office.
The business…