A Queenstown company once involved in the construction of Dunedin’s Forsyth Barr Stadium has left creditors nearly $7 million out of pocket 15 years after entering liquidation.
Steve Rout Contracting Ltd was put into receivership in May 2011 and subsequently placed into liquidation in August 2011, both of which were completed on Monday.
Liquidator Craig Melhuish, of Nexia New Zealand, confirmed the total estimated shortfall to all creditors was $6,909,889 — comprising $4,779,751 to secured and $2,130,138 to unsecured creditors.
Stephen Rout is listed as the company’s sole director.
Contacted for comment yesterday, Mr Rout said he had not had anything to do with the liquidation for at least 10 years and did not know the numbers…