Dunedin's Otago Excavation owes $3m to creditors

Dunedin's Otago Excavation owes $3m to creditors
A Burns Group logging truck. Assets were seized, but later returned. (Image: Titan Bulk Haulage)
Riley Kennedy
A Dunedin business that avoided several liquidation applications last year owes more than $3 million to creditors, according to the receivers' first report.The NZ Gazette said three applications were made to the high court at Dunedin to liquidate Otago Excavation last year.A further three applications were against related entity Titan Bulk Haulage.Two of the six applications were made by KiwiRail, with another coming from the owners of the company’s yard.The companies, as well as Forest Distribution and Logistics, are owned by Burns G...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024