An Otago and Canterbury firewood business which was ordered into liquidation by Dunedin’s High Court has left creditors out of pocket more than $500,000.
Needmor Firewood Ltd was placed into liquidation in September 2022 by order of the High Court of Dunedin, on the petition of the Inland Revenue Department (IRD).
In their final report, released this month, liquidator Wendy Somerville, of PwC, said the company’s insolvency was due to “a lot” of job losses and struggles getting back into the industry and trading successfully.
The effects of the Covid-19 pandemic were also cited.
The company’s website stated it was a family-owned business, based in Christchurch, which provided specialist tree services to the greater Canterbury…