A Christchurch courier company owing more than $1.2 million has gone into liquidation after being placed under the control of the Official Assignee.
NJ & MS Holdings Limited, trading as Point to Point, was liquidated by order of the Greymouth High Court on 30 June following an application from the Inland Revenue.
The business, based at Johns Road in Northwood, was run by sole director and shareholder Taipua Feast. According to the liquidator, the company collapsed due to excessive overheads, inability to collect debts, lack of working capital, failure to meet tax obligations, economic conditions, the impact of COVID-19, and a breakdown in communications with a client.
The report shows Inland Revenue is owed $586,632, while unsecured…