van Eyk’s administrator has recommended winding up the research house, ahead of a meeting tomorrow to determine the company’s fate.
A month after being appointed administrator for the troubled research house, Trent Hancock, of Moore Stephens Corporate Recovery, said in a report to creditors it would be in the best interests of creditors to wind up the company.
If the research house is liquidated, a spokesperson said the administrator would conduct a thorough investigation into the company officers’ past dealings.
However, Hancock noted if the company is wound up, it would not preclude any current sale process that is underway.
A spokesperson for the administrator said both an Australian and a New Zealand business were still in…