Liquidation stories
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Dick Smith Electronics' Liquidation reveals grim financial state after seven years
Fri, 1st Sep 2023
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dick smith
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financial results
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liquidation
KPMG's latest report on Dick Smith Electronics' liquidation reveals NZ$245.5M in secured debt and ongoing legal battles.
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Aryza launches financial software solution in UK and Ireland
Thu, 20th Jul 2023
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financial systems
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it automation
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liquidation
The platform is designed to help businesses to optimise receivables management and generate more liquidity, according to the company.
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$1.5 million owed to creditors in collapse of WhitelabelNZ
Thu, 16th Feb 2023
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pledgeme
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distributors
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liquidation
We summarise the creditors and financial position of third part sales agency WhiteLabel which is now in liquidation.
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It's official, WhiteLabel NZ goes into liquidation
Mon, 16th Jan 2023
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crowdfunding
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pledgeme
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distributors
The story of WhiteLabelNZ has ended abruptly with the company's liquidation following an unsuccessful fundraising campaign.
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Whitelabel NZ fundraising effort fails to meet goal
Mon, 5th Dec 2022
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crowdfunding
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pledgeme
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distributors
Whitelabel NZ's failed fundraising campaign and alleged misleading information about its business practices have raised concerns.
![Story image](../../../../../uploads/story/2022/12/01/preview_GettyImages-1290480010.webp)
The imminent failure of WhiteLabel NZ, liquidation next?
Thu, 1st Dec 2022
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crowdfunding
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pledgeme
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distributors
Outsourced sales & marketing company, WhiteLabel NZ, faces financial troubles as staff leave & funds are owed. #BusinessNews #WhiteLabelNZ.
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Up to $2.4 million shortfall in the collapse of IndeServe
Fri, 1st Jul 2022
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data analytics
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martech
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planning
Networking service provider IndeServe has appointed liquidators, with a potential shortfall of between $1 million and $2.4 million.
![Story image](../../../../../uploads/story/2022/06/03/preview_GettyImages-1340404454.webp)
Longstanding Kiwi field service contractor Indeserve in liquidation
Fri, 3rd Jun 2022
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data analytics
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martech
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planning
IndeServe, a longstanding local service contractor that has worked with companies including IBM, Fujitsu and Datacom, has voluntarily filed for liquidation.
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NFT trends and opportunities: expert reveals all
Fri, 13th May 2022
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blockchain
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cryptocurrency
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ar, vr & metaverse
The NFT market is growing at an exponential rate, with unprecedented liquidity. Here we explore how businesses can profit.
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Hills and Milestone Systems to trade punches in court
Fri, 16th Feb 2018
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saas
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martech
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digital entertainment
Hills Limited slams Milestone Systems' request to have it wound up, calling it an abuse of power, as both companies prepare for a court battle this month.
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UPDATED: ATEED in talks with BizDojo Auckland liquidators to discuss recoveries
Fri, 2nd Feb 2018
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co-working spaces
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mental health
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bizdojo
The liquidator first report states that BizDojo Auckland Ltd has not been able to provide a balance sheet and does not own any assets.
![Story image](../../../../../uploads/story/2016/07/26/preview_Empty.webp)
Dick Smith creditors vote for liquidation of failed company
Tue, 26th Jul 2016
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personal computing devices
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acer
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synnex
Dick Smith Holdings creditors have voted to place the failed business into liquidation in a last ditch effort to recoup some of their lost money.
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Books close on Mecari with 13.86 cents in the dollar payout to creditors
Mon, 11th Jul 2016
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ird
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mecari
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synnex
Unsecured creditors of failed POS distributor Mecari, previously known as Pos Pos, have received small payments as the company's liquidation winds up.
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Mako: Spark owed $26.9m, little chance of funds for unsecured creditors
Wed, 25th Nov 2015
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physical security
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ird
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mako networks
Spark NZ was owed $26.9 million when Mako Networks went into receivership, with little chance of unsecured creditors recouping their funds.
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Mako Networks sold to US provider
Wed, 7th Oct 2015
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physical security
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risk & compliance
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patents
United States telecommunications service provider D&S Communications has acquired the assets of Mako Networks from the company’s receivers.
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Mako Networks debts top $30 million; $25m deficit expected
Wed, 9th Sep 2015
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physical security
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email security
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london
Failed network management company Mako Networks has liabilities of more than $30 million, with an estimated deficit of $25m expected.
![Story image](../../../../../uploads/story/2015/08/25/preview_IOU_WNT30bl.webp)
Spark calls in receivers for Mako Networks
Tue, 25th Aug 2015
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physical security
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intellectual property
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mako networks
Mako Networks in liquidation, Spark steps in as secured creditor to appoint receivers, thwarting the tech firm's financial tailspin.
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Liquidators of China milk exporter may claw back $145,200 from Chinese directors
Tue, 14th Apr 2015
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ird
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ncf international
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nz
Liquidators of a failed milk exporting company, which became insolvent after losing an unfair dismissal case with employees, may force the company's C.
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Springpark developer Gapes liquidates 'unused entity' as part of tidy-up
Mon, 13th Apr 2015
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construction
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investment
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auckland
Tony Gapes, the developer building Springpark, which is among Auckland's largest residential projects, has liquidated one of his investment vehicles,.
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Veritas says failure of four Mad Butcher franchisees 'coincidence of timing'
Tue, 7th Apr 2015
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veritas
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veritas investments
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liquidation
Veritas Investments, the food and beverage investor, has responded to media reports about the financial health of its Mad Butcher brand by saying the.