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Deal saves former All Black Dave Hewett’s housebuilding company from liquidation – Stuff.co.nz

Dave Hewetts financial position was described in the creditor compromise offer as being exhausted.

KAVINDA HERATH/STUFF

Dave Hewetts financial position was described in the creditor compromise offer as being exhausted.

Former All Black Dave Hewett has done a deal with creditors to prevent the liquidation of his home-building business.

Hewett, the sole director and shareholder of Bainbridge Homes, sought a deal with creditors after realising the company could not trade its way out of its cashflow difficulties.

I have now come to the realisation that the business has no prospect of trading its way out of its current predicament given the high level of debt owing, inability to recover significant related party receivables and uncertain economic times in the wake of the Covid-19 pandemic, Hewett said when presenting the compromis…

Read the full article at: https://www.stuff.co.nz/business/122040703/deal-saves-former-all-black-dave-hewetts-housebuilding-company-from-liquidation

Category: LiquidationBy Insolvency GuardianJuly 5, 2020

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Deal saves former All Black Dave Hewett’s housebuilding company from liquidation – Stuff.co.nz

Dave Hewetts financial position was described in the creditor compromise offer as being exhausted.

KAVINDA HERATH/STUFF

Dave Hewetts financial position was described in the creditor compromise offer as being exhausted.

Former All Black Dave Hewett has done a deal with creditors to prevent the liquidation of his home-building business.

Hewett, the sole director and shareholder of Bainbridge Homes, sought a deal with creditors after realising the company could not trade its way out of its cashflow difficulties.

I have now come to the realisation that the business has no prospect of trading its way out of its current predicament given the high level of debt owing, inability to recover significant related party receivables and uncertain economic times in the wake of the Covid-19 pandemic, Hewett said when presenting the compromis…

Read the full article at: https://i.stuff.co.nz/business/122040703/deal-saves-former-all-black-dave-hewetts-housebuilding-company-from-liquidation

Category: LiquidationBy Insolvency GuardianJuly 5, 2020

Post navigation

PreviousPrevious post:Loan shark on run, suicide pact for debt pair, cat in the bag – Bangkok PostNextNext post:T.M. Lewin Australia brings in EY to oversee administration – Consultancy.com.au

Related Posts

Whatcom Roundup: Downtown shop closing; Rite Aid bankruptcy; Joann liquidation sale – Bellingham Herald
May 10, 2025
Scottish Institute goes into liquidation
May 10, 2025
Silver Airways Nears Liquidation, But Gets Lifeline Through June
May 10, 2025
Aussie brides await delivery of gowns as luxury bridal brand enters administration – Braidwood Times
May 10, 2025
Popular surf shop liquidated – Geelong Advertiser
May 10, 2025
Company at centre of seaside town’s revival faces legal action
May 10, 2025
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