Scarbro directors front $300k for employees

Scarbro was building this five-level apartment block. (Image: Supplied)

Wed, 08 Nov 2023

The directors of failed Auckland construction company Scarbro Construction have tipped in cash so employees can be paid.Scarbro Construction Holdings and its subsidiaries, Scarbro Build and Scarbro Construction, were tipped into liquidation in April, with five active projects on their books.Andrew Grenfell and Conor McElhinney were appointed as liquidators, although McElhinney resigned in September and was replaced by Kare Johnstone.In their first report, the liquidators said that despite four of the five projects being close to completion, def...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Retail

Hospitality spending hit hardest in 2024

Core retail spending grew at the slowest rate in five years.

Gregor Thompson 3:38pm

Markets

Weak dollar may impact February OCR cut

RBNZ expected to cut by another 50 basis points to 3.75% in Feb.

Rebecca Howard 3:20pm

Markets

Pacific Edge shares fall 63% after Novitas decision

Pacific Edge had $28.5m in reserves as at the end of December 2024.

Rebecca Howard 10:00am

Pacific Edge shares fall 63% after Novitas decision

Sponsored

Why Kiwis are embracing Bitcoin ETFs

The once hard-to-access investment option is becoming mainstream.

Smart

Sponsored

Boost worker health, boost results

Research shows flexible workspaces improve health and productivity

Regus

More Economy

Retail

Hospitality spending hit hardest in 2024

Core retail spending grew at the slowest rate in five years.

Gregor Thompson 3:38pm

Economy

Nearly 6,000 new roles filled in November, Stats NZ says

The country added almost 6,000 jobs in November, and service industries fueled the increase.Stats New Zealand said on Monday that filled job numbers rose 0.3% compared to October.Primary industries provided 436 fewer jobs.Goods-producing industries, the biggest of which are manuf...

Staff reporters 11:22am