Liquidators estimate $16m shortfall from Stanley-Tallwood collapse

Thu, 12 Sep 2019

By Victoria Young Sept. 13 (BusinessDesk) - The liquidator for Stanley Group and associated companies, including prefabrication firm Tallwood Holdings, has estimated a $16 million shortfall from the construction group's failure. Damien Grant’s first report on Stanley says the company came unstuck when trying to expand out of Waikato and into Auckland. It also signals that directors may have breached the retentions scheme designed to protect subcontractors’ money. The liquidator has produced separate reports for the Stanley group of co...

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