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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

SDAI Limited Reports No New Developments in Subsidiary Liquidation – TipRanks
May 31, 2025
RPs can now invite interim finance providers to CoC meetings
May 31, 2025
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
May 31, 2025
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
May 31, 2025
Corporate insolvencies reach highest level since July
May 31, 2025
IBBI Insolvency Reforms 2025 | SCC Times
May 31, 2025
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