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 Often the directors addresses are no longer current, or indeed never were correct.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 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 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! 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.
Greece in Crisis – A Global Catastrophe? Will there be a “Grexit” or won’t there? Some commentators are suggesting it is irrelevant and we shouldn’t care. How can we feel the impact down here in New Zealand? Well, we are already starting to see the impact as other currencies gain against the Euro ... read more.
ACTION STATIONS! The vast majority of companies in New Zealand are small or medium businesses. The people behind these businesses usually commence business with the desire to earn sufficient profit to enable significant returns to its shareholders. The reality is that very few businesses achieve the level of returns that the shareholders desire, with ... read more.
Insolvency Statistics – June 2015 Market Commentary Building consents are up on previous years for both commercial and residential new builds. Things are looking good for the building industry, at least, in the main cities. However, the debate continues to rage over increased house prices and the risks to the economy. Real estate agents ... read more.
Are you a Loser? No we are not asking whether you are successful or not, but whether in operating your business you are losing money. No, not making losses, but being ripped off by your employees or business partners. Often the business will lose about as much as it can bear with the ... read more.
Insolvency Statistics – May 2015 Market Commentary It’s been an interesting week in Europe. Apart from the, apparent, shock Conservative victory in the General Election, the Scottish National Party took 50 out of 56 Scottish seats. With the risk of a second referendum on Scottish Independence and the certainty of a referendum on the ... read more.
Hands Off! A recent Court of Appeal decision has prevented the Official Assignee gaining access to the Kiwisaver funds of individuals who have been declared bankrupt. The decision will no doubt anger many creditors who were hoping to receive some recompense. read more.
