A Dunedin recruitment agency has been put into liquidation owing more than $500,000 amid “brutal” conditions in the job market.
DKW Personnel (Dunedin) Ltd ceased trading and was placed into liquidation in May.
The liquidator’s six-monthly report, made public last week, estimated the total shortfall to creditors at $540,942.
A preferential claim was received from the Inland Revenue Department for $340,658.
“It [is] unlikely that there will be sufficient funds available in the liquidation from which a dividend to unsecured creditors can be paid. However, investigations are still ongoing,” liquidator Robin Crimp, of RAC Insolvency Ltd, said.
The company’s sole director, listed as Rani Rangimoekau, did not respond to a request for…