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Daniel Stoneman and Neale Jackson of Calibre Partners were appointed liquidators of Global Marketplace New Zealand Limited, which operates the GrabOne business in New Zealand.

GrabOne’s website has disappeared, replaced by a message from the liquidators.

“Due to funding constraints, the business has ceased…

GrabOne has gone into liquidation.

Daniel Stoneman and Neale Jackson of Calibre Partners said on Thursday they had been appointed liquidators of Global Marketplace New Zealand, which operates GrabOne in this country.

“Due to funding constraints, the business has ceased trading and the liquidators are immediately commencing a sales process for the company’s business and assets.

“As a result, the company will not be promoting any existing or future deals whilst in liquidation,” they said in a notice on the website.

“For consumers who hold unredeemed vouchers, the company is unable to provide refunds. Consumers will need to take steps themselves – including contacting individual merchants – to assess how…

GrabOne has gone into liquidation.

Daniel Stoneman and Neale Jackson of Calibre Partners said on Thursday they had been appointed liquidators of Global Marketplace New Zealand, which operates GrabOne in this country.

“Due to funding constraints, the business has ceased trading and the liquidators are immediately commencing a sales process for the company’s business and assets. As a result, the company will not be promoting any existing or future deals whilst in liquidation,” they said in a notice on the website.

“For consumers who hold unredeemed vouchers, the company is unable to provide refunds….

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Liquidators are counting up the debts of Christchurch glass and plastic jar supplier Croftpak Limited as estimates climb to more than $914,000.

Unsecured creditors are unlikely to be repaid as the company is short on funds to cover debts to 39 creditors.

Rodgers Reidy insolvency practitioners Lynda Smart and Derek Ah Sam were appointed liquidators of the company by shareholder Gregory Croft on October 1 and put out a first liquidators report on October 8.

The company, formed in 2003, has ceased trading with the liquidators taking possession of assets to be sold.

Croft, who is the sole director, told them the company struggled because of historic costs from Covid-19 and was unable to recover afterwards.

‘‘All employee contracts…