Names, connections, 2+2
This page contains a mixture of property and other information, company formation, the down side of business, market bits & pieces, probably fairly cryptic and rushed.
The weekly Snapshots tend to contain formal information, while other stories on the website are generally structured. U will contain snippets, less often from formal sources, maybe unstructured and incomplete.
16 November 2002
Langana Construction Ltd (Stuart Jackson, company incorporated on 1 February) went into voluntary liquidation on 13 November after settling with 1 creditor but facing a combined action on 14 November by 7 others to wind it up. Mr Jackson has numerous other companies, from Budget Homes Ltd formed in 1998 to Exclusive Developments Ltd in 1999, various Lifestyle and Jackson companies, Fulham Holdings Ltd, Bassett Properties Ltd, and Jackson Property Group Ltd, which was also formed in February. Curtis Mountfort (Mountfort & Associates) was appointed liquidator of Langana. Creditors must file claims by Wednesday 18 December.
USA Plus International Co Ltd (Ryong In-kyu Park) was wound up in the Auckland High Court on Thursday on the application of World Pop Trading Ltd (Hwang Young Seob & Hwang Mun Sook). Dennis Parsons & Katherine Kenealy (Indepth Forensics Ltd, Hamilton) were appointed liquidators. ( USA Plus Glenfield/Manukau/St Lukes/WestCity Co Ltd (Catharina Lion, with Hong Sung Bum in the Glenfield company), are entirely separate companies owned by Catharina Lion.
Fletcher Concrete & Infrastructure Ltd withdrew its application to wind up Tony Moore Concrete Ltd (Tony Moore, Howick) after settlement.
Sunshine Consultants Ltd (Liu Li, also NZ International Migration & Education Exchange Co Ltd, formed in April, and a company incorporated on 10 October, Liheng Enterprise Co Ltd, & Wang Jing Tai) went into voluntary liquidation on Tuesday 12 November, ahead of an application in the Auckland High Court on Thursday by law firm Russell McVeagh to wind it up. Bryan Williams was appointed liquidator. Creditors must file claims by Friday 29 November. Back at the end of 2000, Sunshine Consultants beat off a North Shore City Council levy when it was trying to open a restaurant on Mokoia Rd, Birkenhead (that story, click here).
Global Cable & Duct 2000 Ltd (Ian Phillips, of Karaka Cable & Drainage Ltd, & Ian Ottaway, of Directional Drilling Services Ltd and related companies) was wound up in the Auckland High Court on Thursday on Inland Revenue’s application. Richard Agnew & Vivian Fatupaito (PricewaterhouseCoopers) were appointed liquidators. Karaka Cable & Drainage went into voluntary liquidation on 18 September, the day before Inland Revenue’s application to wind it up was due back in court. Global Cable & Duct Corp Ltd (Mr Phillips & Mr Ottaway) was incorporated in March 2000 and was wound up on 22 August. Global Cable & Duct (2000) was incorporated in January 2001. Mr Phillips had Phillips Excavations Ltd incorporated on 12 August.
Inland Revenue’s application to wind up Catrona Enterprizes (Kevin Andersen, also Eaglehurst Holdings Ltd, Winslow Group/Developments/Properties Ltd, Prima Properties Ltd, Icon Property Developments Ltd, Urban Developments Ltd, Ulster Properties Ltd, Marsden Villas Ltd, Civil Works Ltd and Arias Group Ltd, and formerly Cavella Systems Ltd, Dryton Holdings Ltd, Armijo Investments Ltd and St George Management Ltd) was adjourned in the Auckland High Court to Thursday 12 December at 10am for a proposal to be put.
Venture capital growth company QED Software Ltd (Douglas Paul & Mark Dossor, for Caltech Capital Partners Ltd & AMP Private Equity Ltd) went into voluntary liquidation on Wednesday 13 November, ahead of an Inland Revenue application in the Auckland High Court on Thursday to wind it up. QED was placed in receivership in January (receivers John Vague & Graeme McDonald) with a $1.7 million estimated deficiency.
T McFetridge Ltd (Terrence McFetridge & Judith McFetridge also McFetridge Holdings Ltd) was wound up in the Auckland High Court on Thursday on the application of the Bank of NZ. Richard Agnew & Vivian Fatupaito (PricewaterhouseCoopers) were appointed liquidators.
Eastside Construction Ltd (Norman Leman, Manurewa) was wound up in the Auckland High Court on Thursday on the application of Fletcher Steel Ltd. The Official Assignee was appointed liquidator.
Thomas Marketing Ltd (Craig Pulman, also of Abrasive Systems Ltd, Chicago Holdings Ltd, Proaction Manufacturing Ltd, Pro Topline Ltd and Pro Topline Holdings Ltd & Sheryl Pulman, also of Abrasive Systems Chicago Holdings and Proaction) went into voluntary liquidation on 5 November, ahead of an application by Greg Picket to wind it up in the Auckland High Court on Thursday.
IT Media Ltd (Tim Connell), a victim of the Wilson Neill Corp Ltd collapse after becoming part of that group, was wound up in the Auckland High Court on Thursday on Inland Revenue’s application, with Richard Agnew & Vivian Fatupaito (PricewaterhouseCoopers) appointed liquidators.
M Sport Ltd (in receivership; directors Barry Fenton, also United Travel Holdings Ltd and numerous related travel companies, & Lyall Williamson, also International Motor Sport NZ Ltd, Rover City of Auckland Ltd, both in liquidation, and several related vehicle companies) was wound up in the Auckland High Court on Thursday on Inland Revenue’s application, with Steve Lawrence & Brendon Gibson (Ferrier Hodgson) appointed liquidators.
Infogate Ltd (John Boswell & David Jenkinson) was wound up in the Auckland High Court on Thursday, with Richard Agnew & Vivian Fatupaito (PricewaterhouseCoopers) appointed liquidators. It was part of the Rattrays Wholesale Ltd Group, which went into receivership in October.
14 November 2002
Patrick Fontein, managing director of Kensington Properties Ltd, took over from Mark Townsend this week as president of the Property Council’s Auckland branch. Mr Fontein formed Kensington n 1996 and has won 2 Property Council excellence awards. He has been on the council’s Auckland executive for 7 years. His work history began with Mainzeal in the 80s, followed by 5 years with Costain Group in London, then consulting to Fletcher Construction and Fletcher Challenge from 1995-99.
Westfield NZ Ltd has appointed Rod Marler as general manager design from January. Mr Marler has been a Hames Sharley group director responsible for that firm’s New South Wales office.
Fletcher Steel Ltd applied on 30 October to wind up KRS Builders NZ Co Ltd (Kiriti Raju). The application will be heard in the Auckland High Court on Thursday 5 December at 10.45am.
The bitter dispute between bookseller John Todd and the Dymocks chain of Australia reached a new point this week, with a hearing date for 3-year-old applications by Dymocks Franchise Systems NSW Pty Ltd to wind up 2 Todd companies. Dymocks applied on 3 August 1999 to wind up Lambton Quay Books Ltd and on 15 June to wind up Bilgola Enterprises Ltd (directors John & Alicia Todd, Bilgola in receivership). Both applications are listed for hearing in the Auckland High Court on Thursday 5 December at 10am.
Hollis Jardine Ltd (David Hamburger, Devonport, also Global Pacific Securities Ltd) went into voluntary liquidation on 12 November, appointing John Leonard & Gerry Rea (Gerry Rea Associates) as liquidators. Creditors must file claims by Thursday 12 December.
13 November 2002
Lightrise Development NZ Ltd ((William) Zen Wei Pao & (May) Ho Yee, also Zen’s Centre Ltd, in liquidation, and Mayflower Building Ltd) has gone into liquidation, appointing John Buchanan (Buchanan & Associates) as liquidator. Lightrise has also been struck off the Companies Register. Creditors must file claims by Saturday 7 December.
Westpac Banking Corp applied on 15 October to wind up Accrue Developments Ltd and on 31 October to wind up Trendy Homes Ltd (Mohammed Ayub). The application to wind up Accrue will be heard in the Auckland High Court on Thursday 5 December at 10am, with Trendy Homes on the 10.45am court list that day. Mohammed Ayub is also a director of United Painting & Decorating Ltd, United Electrical Ltd, Alee Co Ltd and Mod Developments Ltd, and formerly a director of 2 companies now in liquidation, United Painting 1998 Ltd and Universal Corp Ltd, and of Delux Developments Ltd. Shainaz Rafiq is a director of Accrue and of United Painting 1998. Brian Jensen was appointed on 14 October as liquidator of United Painting 1998 and Universal Corp (Shainaz Begum Ayub). Shainaz Begum Ayub is also a director of Delux, Trendy Group Ltd and Red Chip Financial Ltd.
BMS Consultancy Ltd (Denis Fetherston) went into liquidation on 7 November, appointing John Buchanan (Buchanan & Associates) as liquidator. Creditors must file claims by Saturday 7 December. TMS Worldwide Eresourcing NZ Ltd has an application to wind BMS up before the Auckland High Court on Thursday. (Click here for previous story outlining BMS & group details)
6 companies in the Paramount group of Ian Fistonich & Brian Hoffmann went into liquidation on 5 November, appointing Kevin Bromwich & Graeme McDonald (McDonald Vague & Partners) as liquidators. Creditors must file claims by Monday 9 December. Paramount Homes Ltd is the oldest of the 6, incorporated in September 1999. 3 of the others were incorporated in December 2001 — Paramount Corp/Finance/Residential Ltd — and 2 were incorporated on 21 June — Paramount Commercial Ltd and Housing Investments Ltd. Paramount Properties Ltd, incorporated in 1997, was wound up on Inland Revenue’s application at the start of April. Mr Fistonich is also a director of Forest Hill Properties Ltd and Silver Fern Trading Ltd, and is a former director of Riteway Homes Ltd. Mr Hoffmann is also a director of Aqua Technics Pool & Spa Centre NZ Ltd and Brian Hoffmann Ltd. McDonald Vague has filed the 1st report on 1 of the companies, Paramount Homes, on its website, showing it has 7 sections and an estimated $1.16 million deficiency. Mr Hoffmann is shown as a $900,000 unsecured creditor. A meeting of creditors will be held on Thursday 28 November at 10am at the Institute of Chartered Accountants, Ohinerau St, Remuera.
Fairway Constructions Ltd (Michael Cooling, also Glendavar Resources Ltd and formerly of Century Yuasa Batteries NZ Ltd, & Christopher Eden) went into liquidation on 8 November, appointing Steve Lawrence & Brendon Gibson (Ferrier Hodgson) as liquidators. Creditors must file claims by Friday 29 November.
Trevor Cockburn Building Supplies Ltd, trading as Placemakers Dunedin, applied on 15 October to wind up Leda Construction Ltd (Chris de Lautour, 171 Target Rd, Glenfield) into liquidation. The application will be heard in the Auckland High Court on Thursday 12 December at 10am. Mr de Lautour is director of
Leda Construction SI Ltd, Leda Group Ltd, New Homes Ltd and Glenfield Orchard Ltd, and formerly a director of The Home Group Ltd, Collection Corp Ltd, Aspect Developments Ltd, Leda Developments Ltd, Palmtree Properties Ltd, De Lautour & Co Ltd (accountancy firm), Property Strategies Ltd, Princeton Homes Ltd, Prime Group Ltd, Insolvency Solutions Ltd, Peninsula Orchards Ltd, Retirement Residential Ltd, Complete Homes Ltd, Base Capital Partners Ltd, Ezy-Buy Homes Ltd, Woodhill Orchard Ltd, NZ/South Pacific Import Export Corp Ltd and Private Equity Partners Ltd.