A southern-based firewood business has blamed shortage of wood, staffing difficulties, theft of cut wood and Covid-19 for its insolvency position.
KD Firewood, which originated in Invercargill and later took over Wanaka Firewood, was put into liquidation by a special resolution of shareholders earlier this month.
The company, which was incorporated in October 2019 and ceased trading at the end of last year, was jointly owned by Kerry John Dixon and Owen Fredrick Dixon who were also its directors.
In his first report, liquidator Iain Nellies of Insolvency Management Ltd said the total amount owed to creditors was just over $855,000 — which included unsecured creditors of $126,556.
With total net assets of $659,350, that left the…
