Preferential creditors are owed $518,531, which includes employee entitlements of $365,278 and $153,253 owing to Inland Revenue.
Unsecured creditors – which includes trade creditors, customers with vouchers unable to be redeemed and merchants who honoured GrabOne vouchers but have not been paid – are owed $3.8m.
The company also has a deferred tax liability of $2.9m.
The liquidators estimated the company has assets of $803,322, leaving a substantial shortfall for creditors.
Stoneman and Jackson said they were commencing an immediate sales process for the company’s business and assets.
New Zealand Media and Entertainment (NZME), publishers of the New Zealand Herald, sold GrabOne in 2021 to Global Marketplace New Zealand for $17.5m.