The Personal Property Securities Act 1999 (PPSA), introduced sweeping changes to security documents in New Zealand and their registration. The legislation, which is based on a Canadian model, provides for the maintenance of a public on-line register, the Personal Property Securities Register. This register provides for the registration of security documents principally being of two ... read more.
Outline of the Process The Voluntary Administration regime is a relatively addition to our legislation. The objects of the regime are to: Provide for the business, property, and affairs of an insolvent company, or a company that may in future become insolvent, to be administered in a way that – read more.
The latest surveys are all telling us that things are improving. Retail spend is increasing and consumer confidence is on the up. Indeed, retail spending increased in January and February of this year (0.8% in February). SME’s are apparently more confident about the future too according to the MYOB Business Monitor survey issued in March. read more.
Matt joined Gerry Rea Partners in February 2012 as an Insolvency Manager, specialising in both solvent and insolvent liquidations. Most recently Matt was the New Zealand Tax Manager for Fonterra Co-operative Group Limited, one of many roles he has assumed in his years as a specialised accountant. Upon joining Gerry Rea Partners, Matt brings ... read more.
Simon has over 25 years of accounting and finance experience, the majority of which have been spent specialising in insolvencies and business restructures. Since moving to New Zealand from the UK, he has continued his work in business restructuring, as well as handling receiverships and liquidations for multiple sectors, including hospitality, manufacturing and agriculture. He ... read more.
John’s career has included 26 years in public practice both at Gerry Rea and with another Auckland based firm, together with 7 years as a forensic accountant at the Serious Fraud Office. His special interest area is litigation support and forensic accounting, primarily in the quantification of economic loss claims, the valuation of ... read more.
A former partner at KPMG for 18 years, Paul has a breadth of experience in business advisory, audit and insolvency. He has served as a senior executive with two public listed companies, and held a number of directorships on the boards of private companies. Other appointments have included General Manager of Finance for a ... read more.
Somebody asked me this question the other day and it appears to be a common sentiment. With so much doom and gloom in the press about companies failing and the general fallout that occurs around large receiverships (Mainzeal being a good example), the big question has to be “When should the directors recommend liquidation?” read more.
As published in The National Business Review The liquidator’s first report was issued on Friday. It was delayed due to the complexity of the situation. Having now read the report, I completely understand why the liquidators applied to the Court to allow them more time to prepare it. To say it looks messy is ... read more.
Business finances and solvency can be complicated topics; you may even find yourself faced with an unusual set of circumstances. Gerry Rea Partners is a chartered accountancy practice that’s here to help guide you through difficult times. We have highly experienced qualified accountants and accredited insolvency practitioners who can assist you in solving complicated ... read more.
