Stonewood liquidator awaits official actions

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
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...

More Finance

BNZ defends profit as essential to attract capital
Finance

BNZ defends profit as essential to attract capital

The last major bank, BNZ, has fronted up to Parliament.

RBA’s policy shift brings February cut into focus
Finance

RBA’s policy shift brings February cut into focus

The central bank’s assessment reflected growing confidence that inflation is being tamed.

Todd suspends dividends, resets strategy
Finance

Todd suspends dividends, resets strategy

The family empire has also called time on offshore mega-projects.

Serko wants to better analysts' expectations
Finance

Serko wants to better analysts' expectations

The listed travel management firm aspires to $250m in revenue by FY30.

Staff reporters 10 Dec 2024