back

U: The names behind the action, the week to 1 February 2009, part 1

Turn the page: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10

Contents:

56130 St George struck off, liquidation application withdrawn

Application to wind up AA Builders deferred

Airdrie Towing (2007) settling

Application to wind up Air Rite deferred

Application to wind up AJ Penney deferred

Alarm NZ settles

Aphrodite Gaming wound up

AV Enterprises struck off, liquidation application withdrawn

Application to wind up Bushpark Property Development deferred

Coopers Beach Holdings fights liquidation

Csoft Business Software wound up

D&F Contracting wound up

Dynasty Corporate Trustee wound up

Elder Trustee wound up

Euro-Jap Automatic Transmissions to settle

Names, connections, 2+2

Items in parts 1-3 of this week’s U column are from 2 Auckland High Court liquidation lists on Wednesday 28 January, before Associate Judge David Robinson & Justice Hugh Williams.

Items in parts 4-7 of this week’s U column are from the Auckland High Court liquidations list on Friday 30 January 2009, before Associate Judge John Faire, and one item from the previous day’s bankruptcy list (Turnbull).

The U column is mostly about the down side of business, court-ordered liquidations but also voluntary liquidations, including the closure of solvent companies.

28 January 2009:

Discontinued: 56130 St George struck off, liquidation application withdrawn

Court liquidation application, defendant: 56130 St George Ltd

Directors: Roman Shchiglik, Ponsonby

Applicant: Body corporate 199061

Other details: The company was struck off the register on 14 October 2008. Mr Shchiglik is a director of Holis Consultants Ltd.

Adjourned hearing: Application to wind up AA Builders deferred

Defendant: AA Builders Ltd

Directors: Surya Narayan, Mt Wellington

Applicant: Inland Revenue

Adjournment date: Friday 27 March at 10am, for advertising

Adjourned hearing: Airdrie Towing (2007) settling

Defendant: Airdrie Towing (2007) Ltd

Directors: Marshall Ritchie, West Harbour

Applicant: Inland Revenue

Adjournment date: Friday 27 February at 10.45am, to complete settlement

Other details: The company was incorporated in March 2007, 6 weeks before Inland Revenue had Airdrie Towing Ltd wound up. The director & shareholder of the old company, Keith Ritchie, Swanson, took over the shares in the new company from Marshall Ritchie on 2 August. Marshall Ritchie is a director of All Star Recovery Ltd, incorporated on 18 September.

Adjourned hearing: Application to wind up Air Rite deferred

Defendant: Air Rite Ltd

Directors: Karl Trenter, Onemana, Coromandel

Applicant: Hertz NZ Ltd

Adjournment date: Friday 27 February at 10.45am, for advertising

Other details: Mr Trenter claimed to have no correspondence about the application, but that didn’t wash with Associate Judge Robinson, who said the statutory demand was served on 19 September and the subsequent liquidation proceedings in November. Mr Trenter is a director of Cymric Developments Ltd.

Adjourned hearing: Application to wind up AJ Penney deferred

Defendant: AJ Penney Ltd

Directors: Andrew Penney, Grey Lynn

Applicant: Inland Revenue

Adjournment date: Friday 27 March at 10am, for advertising

Other details: Mr Penney is a shareholder & former director of Crow Trading Ltd, owner of this company.

Withdrawn: Alarm NZ settles

Court liquidation application, defendant: Alarm NZ Ltd

Directors: Neville Clifton, Grey Lynn; & Nathan Livingstone, Titirangi

Applicant: Inland Revenue

Other details: Inland Revenue withdrew the application after substantial payment was made. Mr Clifton is a director of Alarm International Inc Ltd & Guard NZ Ltd.

Court liquidation: Aphrodite Gaming wound up

Defendant: Aphrodite Gaming Ltd

Directors: Peter Arbuckle & Stephen Lyttelton, Christchurch     

Applicant: DLA Phillips Fox

Liquidators: Official Assignee

Other details: Mr Arbuckle is a director of several Aphrodite companies, KO Boxing Ltd & Melco NZ Ltd. Mr Lyttelton is a director of Melco, SJ Lyttelton Capital Ltd, SJ Lyttelton E-commerce Ventures Ltd & SJ Lyttelton Services Ltd, and a former director of Agresearch Ltd, Christchurch Casinos Ltd, Christchurch Casino E-commerce Ltd, Christchurch Casino Online Gaming Ltd, Kiwi Casino Ltd & Premier Hotels (Christchurch) Ltd.

Discontinued: AV Enterprises struck off, liquidation application withdrawn

Court liquidation application, defendant: AV Enterprises Ltd

Directors: David Penman, Pukekohe

Applicant: Inland Revenue

Other details: The company was struck off the register last August.

Adjourned hearing: Application to wind up Bushpark Property Development deferred

Defendant: Bushpark Property Development Ltd

Directors: Wang Gang & Zhang Yan, city & Remuera

Applicant: Inland Revenue

Adjournment date: Friday 27 March at 10am, for advertising

Other details: In a separate court action yesterday, Astorwood Investments (NZ) Ltd (Richard Vesey) got summary judgment against Mr Wang & Mrs Zhang for $400,000 plus interest & costs. Mr Wang & Mrs Zhang’s Napda Subdivision Ltd faced an Inland Revenue application to wind it up on 21 January. It was adjourned to Friday 27 February to enable Inland Revenue to consider an offer of security or for the sale of the property. Inland Revenue’s application to wind up another of their companies, WZ Investment No 1 Ltd, was adjourned to Wednesday 18 February. Mr Wang & Mrs Zhang are directors of Bushpark Farms Ltd, Bushpark Land Subdivision Ltd, Fu Hao Construction Ltd, Napda McLeod Ltd, Napda Ormiston Ltd, Napda Westhoe Ltd, Southpac Finance Trust Ltd, Southpac Financial Corp Ltd & WZ Investment Ltd.

Adjourned hearing: Coopers Beach Holdings fights liquidation

Defendant: Coopers Beach Holdings Ltd

Directors: Kevin Peterson, Greenlane

Applicant: Dimond Services Ltd

Adjournment date: Registrar to allocate fixture date for defended hearing

Other details: Inland Revenue had Mr Peterson’s Peterson Finance Mortgagelink Ltd wound up on 19 December. He’s a director of Bramwell & Co Ltd, Cable Bay Apartments Ltd, Calvert Street Investments Ltd, CB One Developments Ltd, Coopers Beach Camping & Caravan Park Ltd, Coopers Beach Village Developments Ltd, Dissmeyer & Co Ltd, Doubtless Bay Cabins Ltd, Lisieux Investments Ltd, Maximilian Investments Ltd, McClay Properties Ltd, Orewa Property Investments Ltd, Perigian Financial Solutions Ltd, Peterson Financial Ltd, Poppyhill Ltd, Sarandon Investments Ltd & Swift Terrace Properties Ltd, and a former director of KPM Management Ltd, McClay Securities Ltd, Queenstown Alpine Ltd (wound up on 3 October; director Patrick McCormick, who was struck off the register of chartered accountants in August) & Techco Management Ltd.

Court liquidation: Csoft Business Software wound up

Defendant: Csoft Business Software Ltd

Directors: Gerhardus van Niekerk, Pakuranga                 

Applicant: Inland Revenue

Liquidators: Vivian Fatupaito & Colin McCloy (PWC)

Other details: Mr van Niekerk is a director of CSB Management Systems Pty Ltd & Csoft Business Software 2006 Ltd (wound up in June 2007).

Court liquidation: D&F Contracting wound up

Defendant: D&F Contracting Ltd

Directors: Terry Jones, Papakura                                 

Applicant: Hynds Pipe System Ltd

Liquidators: Official Assignee

Other details: 2 other creditors had applications to wind D&F up due for hearing in February & March. Mr Jones is a director of South Auckland Earthworks Ltd.

Court liquidation: Dynasty Corporate Trustee wound up

Defendant: Dynasty Corporate Trustee Ltd

Directors: Noel Johnson, Hamilton; & Robert Reece, Orakei, ex-Alfriston

Applicant: Inland Revenue

Liquidators: Vivian Fatupaito & Colin McCloy (PWC)

Other details: The company owed more than $1 million in gst, but the application to wind it up was on just & equitable grounds. Dynasty Group Ltd (third director May Wang, city) was wound up on 3 October. Mr Johnson is a director of Denita Holdings Ltd, Distant Dreams Productions Ltd, Dynasty Film Finance Ltd, Dynasty Film Productions Ltd, Dynasty Finance Ltd, Dynasty Methven Ltd, Dynasty Park Capehill Trustee Ltd, Dynasty Park Trustee Ltd, Dynasty Property Developments Ltd, Dynasty Red Hill Trustee Ltd, Dynasty Studios Trustee Ltd, Dynasty Thomas Road Ltd, Dynasty Tourism Ltd, KMTC Group Ltd, Molin Investments Ltd, NHJ Financial Services Ltd & SML Trustee Ltd, and a former director of Merlot Investments Ltd & Merlot Residential Ltd. Ms Wang is a director of Credit Swiss Funds Management NZ Ltd, Down Under (NZ) Ltd, MW Advisory Ltd, MW Financial Group Ltd, MWA Investments Ltd, MWA Trustee Ltd, Sun in the City Ltd (in liquidation), Sun Management Ltd, Sun Rentals Ltd, UBS Funds Management NZ Ltd, UBS Trustee Ltd, Universal Finance & Investment NZ Ltd & Universal Fin Trustee Ltd. Ms Wang has resigned from all the Dynasty companies, Denita, Distant Dreams, Legacy Global Ltd & Molin. Mr Reece is a director of Aloft Holdings Ltd, Arak Developments Ltd, C Cubed Ltd, Convict Holdings Ltd, Distant Dreams Productions, Double R Holdings Ltd, Double R Housing Ltd, Double R Rentals Ltd, Dynasty Film Finance, Dynasty Film Productions, Dynasty Finance Trust Ltd, Dynasty Housing Ltd, Dynasty Park Trustee, Dynasty Studios Trustee, Dynasty Tourism, Hendricks Homes Ltd, Index Developments Ltd, Indirect Ltd, Legacy Global, Legless Developments Ltd, Not Aloft Ltd, Reece & Wang Ltd, Reece Holdings Ltd & Siuya Ltd. He’s resigned from some Dynasty companies and from Legacy Developments (2003) Ltd.

Court liquidation: Elder Trustee wound up

Defendant: Elder Trustee Ltd

Directors: Adeline & Collin Elder, Remuera

Applicant: Inland Revenue

Liquidators: David Vance & Viv Madsen-Ries (Deloitte Ltd)

Other details: Mr Elder’s Elbur Developments Ltd, Shimmering Sky Ltd & Topia Park Ltd were wound up on 21 January. He’s also a director of Avocado Orchards Ltd, Design At Space Ltd, EP Trustees Ltd, Kimberley Orchards Ltd, Province Developments Ltd, Ranui Developments Ltd, UHP Technologies Ltd & Wayby Estates Ltd.

Adjourned hearing: Euro-Jap Automatic Transmissions to settle

Defendant: Euro-Jap Automatic Transmissions Ltd

Directors: Norman Bucknor, Howick

Applicant: ATP NZ Ltd

Adjournment date: Friday 27 February at 10am, for settlement

Turn the page: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10

Want to comment? Email bobdey@propbd.co.nz.

Attribution: Public notices, public records, attendance in court, column compiled by Bob Dey for The Bob Dey Property Report.

Want to advertise on this page? Call 021 894 858 or email bobdey@propbd.co.nz.

back