An Invercargill motorcycle retail and repair business owes more than $535,000 following its liquidation, with no money expected to be available for former employees or unsecured creditors, according to a report by Stuff.
Crawford Motorcycles Limited, which operated from leased premises on Clyde St, went into liquidation on February 24, 2026, following a downturn in sales and rising costs.
A six-monthly report by liquidator Emma Laing, of Laing Insolvency Specialists, showed 28 creditor claims totalling $535,739.80 had been received, Stuff reported.
The company’s estimated assets totalled $18,640.94, comprising $8625 from the sale of plant, equipment and stock, $6015.94 in bank funds at the time of the liquidator’s appointment, and an…