Posts in “News” category

Business Valuations: An Art or a Science?

Forensic accountants are often asked to value the shares in a company for various reasons: relationship property settlements; shareholder disputes; or a director wants an idea of the value of the shares or the business to make decisions.   The majority of the businesses we value fit the definition of a small to medium sized ... read more.

Like a Phoenix from the Ashes?

All too often we receive calls from creditors grumbling and complaining about the discovery of directors of failed companies starting up in business again. Creditors not only feel a sense of unfairness about it, but they feel cheated. Especially as Section 386A of the Companies Act 1993 prohibits directors of a failed company being a ... read more.

Is Bankruptcy Inevitable?

Is Bankruptcy Inevitable?   While many small business owners facing pressure from creditors will ponder the risks of potential personal bankruptcy, it is not an inevitable outcome of the failure of a business.  This month we set out some of the issues and options.   For a sole trader, bankruptcy is usually the result of ... read more.

Blurred Lines

Blurred Lines   The concept of company’s having limited liability and a separate legal identity is not new, in fact was recognised by the UK House of Lords in the 19th Century, notwithstanding that, it’s a concept that many company directors fail to understand.   We frequently come across cases where a company is paying ... read more.

Insolvency Statistics – September 2015

Insolvency Statistics – September 2015 Market Commentary   Dairy, Dairy, Dairy!  The global prices are going back up but Fonterra is being tight lipped on whether the payout to farmers will increase.  Is it a case of too little too late for some in the industry?  Interestingly, we have recently commenced the liquidation of a ... read more.

Insolvency Statistics – August 2015

Insolvency Statistics – August 2015 Market Commentary   Dairy prices have been back in the news again for both bad and then good reasons.  Global prices dropped earlier in the month and then pulled back in the last auction.  Meanwhile, Fonterra are actively cost cutting in an effort to maintain payouts to farmers. read more.

Knock knock… no one’s there.

Knock knock… no one’s there.   When taking liquidation appointments, we regularly find company directors are not where they say they are on the Registrar of Companies.  Often the directors addresses are no longer current, or indeed never were correct. We also regularly find companies where all directors are overseas.  As liquidators, we are required ... read more.

Keeping it in the family

Keeping it in the family   A large proportion of New Zealand firms are family businesses. Often family members pitch in and assist the business both with their time and money, without any thought to protecting themselves.  When things don’t work out and a liquidator is called in, this lack of protection can have significant ... read more.

Insolvency Statistics – July 2015

Insolvency Statistics – July 2015 Market Commentary   The Auckland housing bubble seems to know no bounds.  Numerous media articles have been written indicating overseas investors, principally from China, are to blame but will the Government’s new rules help is the question.  Meanwhile, prices continue to soar to ridiculous levels.  Moving to rural areas seems ... read more.

It’s Time To Save Some Money!

It’s Time To Save Some Money!   Reviewing a company’s costs and expenses should be a regular occurrence but it can be difficult for a business owner to find the time.    After nearly twenty years providing business restructuring services, it still amazes me when I see a company throwing money away that could easy improve ... read more.

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