A North Canterbury modular home builder has gone into liquidation, leaving behind more than NZ $1 million in debt and limited assets available to creditors. (main image: Modular units by Shape Construction wrapped and staged offsite. Source: Instagram.)
New Zealand-based Shape Construction Ltd, located in Kainga, ceased trading in April after operating for 13 years. The company, which specialised in modular and container-based housing projects across the country, was placed into liquidation on 2 May. Sole director and shareholder Toby Van T Veen appointed Brenton Hunt of Insolvency Matters Limited as liquidator.
According to the liquidator’s first report, the company was facing sustained financial pressure…