Debts of Peacocks daycare-related entities pile up

A trust company with links to recently sold daycare centres owes in excess of $13 million. (Image: NZME)

Mon, 08 Sep 2025

A trust company with links to recently sold Peacocks daycare centres owes a combined nearly $13 million to creditors.Kristal Pihama and Leon Francis Bowker of KPMG were appointed liquidators of V & S Trustee Company on July 31, following an application of the Inland Revenue Department (IRD).That company, incorporated as trustee of the Malvern and Mahunga Trusts, is jointly owned by Vandana Bhatia and Sanjeev Gupta, who also own childcare centre companies Peacocks and Peacocks NZ, which were placed into receivership in June. According t...

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