Insolvency Guardian Media Centre
Waterstone Insolvency loses to Master Electricians in High Court ThePost.co.nz
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Company liquidations have increased significantly, despite positive lending trends and eased interest rates.
The latest Centrix Credit Indicator for August showed company liquidations were up 26% year-on-year, partly due to increased enforcement activity by Inland Revenue.
But chief operating officer Monika Lacey said the jump was nothing to be concerned about.
“I think the important context to provide here is that in New Zealand, we have over 700,000 registered businesses, of which 600,000 or nearly 600,000 are active.
“So, as an actual number of businesses that are going into liquidation, when you’re talking in the hundreds, it is a very small number compared to the overall ecosystem.
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Waterstone Insolvency loses to Master Electricians in High Court Waikato Times
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In the summer of 2025, when the bankruptcy court in Delaware, USA, finally approved Fisker’s liquidation plan, this once-promising new energy vehicle company officially put an end to its short lifecycle. From the high-profile launch of the Ocean SUV in 2023, to the application for bankruptcy protection in 2024, and then to the abandonment of its headquarters in 2025, Fisker’s downward trajectory is not only a history of a company’s failure but also reflects the cruel truth behind the wild growth of the new energy industry.
2023: Cracks Beneath the Halo, from the “Production Myth” to “Running Out of Funds”
Henrik Fisker once lent an aura to the car company named after him with his reputation in the design industry. In 2023, the Ocean…
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Smiths City placed into administration The Press
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Smiths City goes into voluntary administration Stuff
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A closed Smiths City store.
Photo: RNZ / Nate McKinnon
Well-known retailer Smiths City has been placed in voluntary administration.
The chain is a popular furniture and electronics retailer, with a large presence in the South Island.
The company, which was founded in 1918, has nine stores across the country and an online store.
Administrators BDO, said the company had faced increasing financial pressures amid a challenging economic environment.
Despite closing some stores and further cuts, falling sales led to company director Colin Neal making the decision to halt trading.
BDO said as of Tuesday morning, all nine Smiths City stores and the online store had been temporarily closed for business to allow administrators to…
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Smiths City. (File photo)
Photo: Google Maps
Well-known retailer Smiths City has been placed in voluntary administration.
The chain is a popular furniture and electronics retailer, with a large presence in the South Island.
The company, which was founded in 1918, has nine stores across the country and an online store.
Administrators BDO, said the company had faced increasing financial pressures amid a challenging economic environment.
Despite closing some stores and further cuts, falling sales led to company director Colin Neal making the decision to halt trading.
BDO said as of Tuesday morning, all nine Smiths City stores and the online store had been temporarily closed for business to allow administrators to undertake an…