Finance

BOTTOM LINE: South Canterbury Finance’s $485m curtain call

Paul McBeth
Tue, 13 Oct 2020

BOTTOM LINE: South Canterbury Finance’s $485m curtain call

Paul McBeth
Tue, 13 Oct 2020

The curtain probably fell for the final time on remnants of Allan Hubbard’s financial empire last week, not that many people would have noticed.PwC’s John Fisk and David Bridgman lodged their final liquidators’ report on FCS Loans – the renamed shell of the once-proud South Island lender – and they intend on removing South Canterbury and Hubbard’s Southbury and Hornchurch entities from the Companies Register.If this goes ahead as planned on Nov. 13, it will bring to a close the 94-year history of the entity t...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

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.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
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 }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Business Advice

The brains making magic for Kiwi brands

Daniel Dunkley | Wed, 06 Jul 2022

A rebrand can build value, give a company more impact and better reflect its beliefs. But how do you do it?

Markets

Supie faces fight for online grocery market share

Dan Brunskill | Wed, 06 Jul 2022

Unlike many start-ups, Supie has big competitors already expanding their services to defend against disruption.

Opinion

On wholesale: ruling highlights risk in regulatory bargains

David Chaplin | Wed, 06 Jul 2022

Justice Gault's ruling suggests promoters should be wary of relying on claims of a sophisticated client base when shilling complex, or opaque, investment products to even the average ‘wholesale’ audience.

BOTTOM LINE: South Canterbury Finance’s $485m curtain call

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team