Stonewood liquidator awaits official actions

Former Queenstown mayor Jim Boult wants to hide the liquidator's file from creditors. (Image: Queenstown Lakes district council)

Jenny Ruth

Tue, 22 Nov 2022

The liquidator of Stonewood Homes and Stonewood Homes New Zealand can’t give them a decent burial yet, nearly seven years after they collapsed owing more than $30 million, because of ongoing litigation.However, liquidator Rhys Cain of EY’s assertion in his latest report that, “We expect to complete the liquidation and close the file within the next six months”, may be optimistic.The Stonewood companies’ former chair, former Queenstown Lakes mayor Jim Boult, and Stonewood founder Brent Mettrick, are still awaiting a...

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